$24.52 million long position in CXMT, a whale increased holdings to 2.9 million tokens with $5.65 million in unrealized profit

Odaily News, according to HyperliquidNews monitoring, a whale opened a position on July 26 and has held it for 24 days, increasing its CXMT position from 2,390,881.4 tokens to 2,900,641 tokens, worth $24.52 million. The position currently has an unrealized profit of $5.65 million, with $4.044 million in funding fees already paid, accounting for 37.2% of the trading pair's open interest. The position is still far from the liquidation price, and it may belong to an investor or an employee holding vested shares, who is selling at a predetermined price through this hedging position.