Whale’s GMX Trade Results in $4 Million Loss

On November 28, BlockBeats reported that according to Ember Monitoring, in early June, a large entity or institution bought 302,000 GMX worth $13.47 million using 6 addresses, averaging a price of $45. This action caused GMX’s price to rise by 12% at that time. However, six hours ago, this whale/institution transferred 267,000 GMX, worth $8.5 million, to Binance for selling.

This caused GMX’s price to drop from $33 to $28, a 14% decrease. In total, the whale/institution lost $4 million on GMX.

Source

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