On-chain analytics firm Lookonchain reported that two major whales are currently engaged in a significant long/short battle over the $CXMT token. Whale 0xf292 has taken a short position of 2.8 million $CXMT, valued at $20 million, and is currently down $1.9 million, having paid $1.04 million in funding fees. Conversely, whale 0x9a80 holds a long position of 1.63 million $CXMT, valued at $11.66 million, and is currently up $853,000, having earned $606,000 in funding fees.