Whale’s Massive GMX Sell-Off Triggers $5.82M Loss And Price Plunge

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In early June, a significant investor or institution made waves by acquiring 302,000 GMX tokens for $13.47 million at an average price of $45 through six separate addresses. This substantial purchase drove GMX’s price up by 12%, reflecting the market impact of such a concentrated buy. However, recent movements suggest the same entity has now exited its position, incurring heavy losses. Just six hours ago, four of their addresses transferred 267,000 GMX tokens, valued at $8.5 million, to Binance for liquidation. This sale caused GMX’s price to plummet from $33 to $28, marking a sharp 14% decline. 6 月初,一个鲸鱼或机构通过 6

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