Deep Tide TechFlow News, on November 28, according to on-chain analyst Yu Jin's monitoring, in early 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) from 4 of its addresses to Binance for sale, crashing the GMX price from 33 USD to 28 USD, a decrease of 14%.

Buying at 45 USD in June, now selling at around 30 USD, this whale/institution has incurred a loss of 4 million USD on GMX.