CoinVoice has learned that according to on-chain analyst Yu Jin's monitoring, at the beginning of June, a whale or institution accumulated 302,000 GMX (13.47 million USD) through 6 addresses at an average price of 45 USD, which pushed the GMX price up by 12%.
6 hours ago, this whale/institution transferred a total of 267,000 GMX (8.5 million USD) through 4 addresses to Binance for sale, causing the GMX price to drop from 33 USD to 28 USD, a decrease of 14%.
Bought at 45 USD in June, now selling at about 30 USD, this whale/institution has lost 4 million USD on GMX. [Original link]
