BlockBeats news, on November 28, according to Ember monitoring, in early June, a whale or institution purchased 302,000 GMX (13.47 million USD) through 6 addresses at an average price of 45 USD, which at the time 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 sell on Binance. This caused the GMX price to drop from 33 USD to 28 USD, a decrease of 14%. This whale/institution has incurred a loss of 4 million USD on GMX.
