Wu said that according to on-chain analyst Yu Jin, three hours ago, a whale/institution transferred 120,800 GMX (about 3.63 million US dollars) to Binance and sold it, causing the price of GMX to fall from $30 to $28.5. Today, the whale/institution has sold a total of 388,000 GMX (about 12.13 million US dollars), resulting in a loss of 5.82 million US dollars and a significant impact on the price of GMX. The market is concerned about whether the price of GMX will rebound in the future.