In early June, a whale or institution purchased 302,000 GMX (13.47 million USD) through 6 addresses at a price of 45 USD, which drove the GMX price up by 12%. 6 hours ago, this whale/institution transferred a total of 267,000 GMX (850,000 USD) from 4 of its addresses to Binance for sale. This caused the GMX price to drop from 33 to 28, a decrease of 14%. Having bought in June at a price of 45 USD, and now selling at around 30 USD, this whale/institution has incurred a loss of 4 million USD on GMX.