Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, at the beginning of June, a whale or institution accumulated 302,000 GMX tokens (worth 13.47 million USD) through 6 addresses at an average price of 45 USD, which pushed the GMX price up by 12%. Six hours ago, this whale/institution transferred a total of 267,000 GMX tokens (worth 8.5 million USD) from 4 of its addresses to Binance for sale, driving the GMX price down from 33 USD to 28 USD, a decrease of 14%. Buying at 45 USD in June and now selling at approximately 30 USD, this whale/institution has lost 4 million USD on GMX.