Corporate Whale is Gathering This Altcoin Breathlessly: Price Increases with Huge Purchases!

The cryptocurrency of decentralized cryptocurrency exchange (DEX) GMX is being collected heavily by a whale.

According to the post shared by the on-chain data and analysis platform Lookonchain on June 7, whales continue to collect GMX, the token of the decentralized cryptocurrency exchange GMX, like crazy.

According to Lookonchain's post, GMX, which has experienced a 24% price increase in the last 2 days with the purchases made by a whale thought to be corporate, is collected through 6 wallets.

Lookonchain stated that 6 new wallets were created in a short time and that these wallets purchased 344 thousand GMX worth a total of 15.3 million dollars from Binance.

GMX is a decentralized exchange that offers futures trading in Bitcoin, Ethereum, and various other popular cryptocurrencies with up to 50X leverage.

According to CoinGecko data, GMX is trading at $43.6 at the time of writing. The whale, which made a large accumulation in the altcoin of the decentralized stock exchange, completed some of the collection yesterday.

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