Whale Closes Largest Short in This Token, Loses $10.8 Million!

The whale at address 0xf292, which held the largest short position in CXMT, fully closed the trade, losing approximately $10.8 million.

According to a post by on-chain data platform Lookonchain, the whale exited its position, which aimed to profit from a decline in CXMT. The reported total loss upon closing the trade was $10.79 million.

Largest short position fully closed

What makes the news noteworthy is not only the size of the loss, but also that the closed trade was described by Lookonchain as the largest short in CXMT. The whale reportedly closed the position entirely rather than reducing it partially.

The shared Hypurrscan screenshot also shows the account’s combined profit-and-loss indicator at minus $10.79 million. The loss on the chart reached approximately $11.58 million at one point, while the final figure was below that level.