The trader, described by Lookonchain as holding $75.4 million in assets, built a 20,000 CXMT position worth $164,000 and placed additional buy orders between $5.8 and $7.2.
A whale with $75.4 million in assets has opened a 5x leveraged long position in CXMT at $6, adding to signs of concentrated speculative activity in the token. The trade totals 20,000 CXMT worth $164,000 and is currently showing a $44,000 unrealized gain, while additional limit orders (pre-set orders to buy at specific prices) have been placed from $5.8 to $7.2 to expand the long exposure, Lookonchain said, as cited by Odaily.