In early June, a whale or institution bought 302,000 GMX ($13.47M) at $45 through 6 addresses, which pushed the price of GMX up by 12% at the time.
6 hours ago, 4 of the addresses of this whale/institution transferred a total of 267,000 GMX ($8.5M) to Binance for sale. The price of GMX fell from $33 to $28, a drop of 14%.
Bought at $45 in June and now sold at about $30, this whale/institution lost $4 million on GMX.
