The encrypted world has new developments! 🐋 According to blockchain analyst Yu Jin's monitoring, at the beginning of June, a mysterious whale or institution accumulated 302,000 GMX through 6 addresses at an average price of $45, with a total value of approximately $13.47 million. This action pushed the GMX price up by 12%. 📈

However, 6 hours ago, 4 addresses of this whale/institution transferred 267,000 GMX to Binance for sale, causing the GMX price to drop from $33 to $28, a decline of 14%. 📉

From buying at $45 to selling at about $30, this whale/institution incurred a loss of approximately $4 million on GMX. 💸 This operation has attracted widespread attention from the market.