According to the monitoring of on-chain analyst Yu Jin, a large whale or institution transferred its last 120,800 GMX (about 3.63 million US dollars) to Binance in the past 15 minutes and completed the sale, causing the price of GMX to fall again from 30 US dollars to 28.5 US dollars. Data shows that the whale or institution sold a total of 388,000 GMX (about 12.13 million US dollars) today. This liquidation operation resulted in a loss of 5.82 million US dollars and had a significant impact on the price of GMX.