The CXMT token has climbed above $8 on its fifth trading day, with on-chain data suggesting bulls are currently winning the market battle. Whale 0xf292, holding a short position of 2.9 million CXMT (worth $23.54 million), is now down $4.67 million and has paid $1.42 million in funding fees. Conversely, whale 0x9a80, with a long position of 1.63 million CXMT (worth $13.27 million), has gained $2.46 million and earned $823,000 in funding fees.