Changxin Technology Soars 5% Today, Largest On-Chain Short Position Faces $10.82 Million Unrealized Loss

BlockBeats News, August 27th - According to Wreckage Monitor, with the surge of ChangXin Memory Technologies (CXMT) by 5% on the A-share market today, the largest short seller who shorted the contract the day before ChangXin's listing has suffered a staggering loss of $10.82 million. Of this amount, $6.3 million is attributed to price fluctuation losses, while an additional $4.52 million is due to funding costs.