At the beginning of June, a whale or institution bought 302,000 GMX ($13.47M) through 6 addresses at $45, which pushed the GMX price up by 12%.

6 hours ago, this whale/institution transferred a total of 267,000 GMX ($8.5M) from 4 of its addresses to Binance for sale. This crashed the GMX price from $33 to $28, a drop of 14%.

Buying in June at $45 and now selling at around $30, this whale/institution has incurred a loss of $4 million on GMX.

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