Long Xin, the largest long position on-chain, initiated a liquidation, realizing a total profit of approximately $5.83 million and receiving $2.17 million in funding fees.

BlockBeats News, August 17th, according to TradingBeats (formerly Hyperinsight) monitoring, the largest on-chain whale of ChangXin Memory Technologies (CXMT) has started to close its long position today after holding it firmly for a month, realizing a total profit of approximately $5.83 million. It has initiated a Time-Weighted Average Price (TWAP) order for selling, with the remaining position currently valued at $14 million and an unrealized gain of $3.83 million.

The whale's entry price was $6.62, and the current price is $8.82. During the holding period, the whale collected $2.17 million in funding fees from shorts.

According to Bitget market data, today ChangXin Memory Technologies' stock price soared, hitting a new all-time high since its IPO. As of the day's close, it was trading at $61.8 per share, up 12%, with a latest total market capitalization of $4.13 trillion, making it the stock with the highest market value in A-share market currently, approximately 2.5 times the market value of Kweichow Moutai.