CXMT: Top Short Pays 3.078M Funding Fees

CXMT top short on d.pro has already paid 3.078 million USD in funding fees while holding a 21.12 million USD 1x short opened at 6.5 now trading at 7.28 for a 2.255 million USD unrealized loss and over 40 million USD margin at risk with liquidation at 15.466. The position reflects classic crypto perpetuals funding rate mechanics large short positions where sustained price rises force repeated fee payments that erode capital fast. Background on ChangXin Memory Technologies founded in 2016 shows the underlying DRAM maker in Hefei but the token perpetual now drives separate CXMT price prediction flows and crypto market crash hedging bets among leveraged traders.