According to ChainCatcher, on-chain analyst Yu Jin discovered that a mysterious whale or institution transferred the last 120,800 GMX (worth $3.63 million) in its address to Binance in just 15 minutes. As a result, the price of GMX fell from $30 to $28.5 📉.

Today, this whale or institution transferred a total of 388,000 GMX (worth $12.13 million) for sale, resulting in a loss of $5.82 million 💸. This move has attracted market attention, and investors are keeping a wait-and-see attitude towards the future trend of GMX.

Although the market fluctuates frequently, it also provides investors with an opportunity to observe market dynamics and adjust strategies. 🔍