According to the latest news from ChainCatcher, on-chain analyst Yu Jin detected that a mysterious whale or institution transferred the last 120,800 GMX (worth about $3.63 million) in its address to Binance in just 15 minutes. This operation caused the price of GMX to fall from $30 to $28.5.

It is worth noting that the whale or institution transferred a total of 388,000 GMX (worth about $12.13 million) to Binance for sale that day, ultimately resulting in a loss of about $5.82 million. This series of operations has aroused the market's attention to the price fluctuations of GMX, and investors need to pay close attention to subsequent trends.