Waiting, I have 20,000 GMX purchased at an average price of 14, I can only wait, this coin is strong.
SmallRunner
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#BreakoutTradingStrategy means entering position when some extreme events occur.
It us better with example.
gmx just got hacked because of a bug in their system and lost half the value in hours.
the price drop is because of gmx created from the thin air by the hacker and flooding the market with it .
But not all the drop was because of volume, some of it is because of psychological aspect of the hack.
So if you buy gmx now, you can lose fast but if they get together their game, somehow return stolen funds or find more investment the price cn jump back.
Waiting, I have 20,000 GMX purchased at an average price of 14, I can only wait, this coin is strong.
Shirlee Katcsmorak t1OR
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#SECETFApproval Incident Overview GMX suffered a $40-42M exploit on July 9 through a re-entrancy vulnerability in V1 Arbitrum. The attacker targeted the GLP liquidity pool, draining USDC and converting to ETH/DAI. GMX V2 remained unaffected while security teams froze operations to contain damage.Market ConsequencesGMX tokens plummeted 25% within hours, trading at $11.50-$12.50. GLP transactions were suspended across networks, causing ripple effects throughout DeFi markets. Arbitrum ecosystem projects experienced heightened volatility as investors reassessed security risks.Recovery StrategyThe team implemented immediate containment protocols and offered a 10% bounty ($4.2M) for fund recovery. Enhanced security audits are underway, with plans to gradually restore operations. Affected users await potential compensation details while GMX V2 continues operating normally.Outlook & RecommendationsRecovery timeline remains uncertain as developers work on vulnerability patching. Traders should monitor GMX Hack, follow Bounty Updates, and assess Exploit Details before re-entering positions.
Waiting, I have 20,000 GMX purchased at an average price of 14, I can only wait, this coin is strong.
FizzaShahid01
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$GMX Breakdown From EQH & Wedge $GMX rejects from equal highs, prints clean descending wedge and breaks below key structure into demand zone. Current reaction from weak low
Waiting, I have 20,000, with an average entry price of 14, I can only wait, this coin is strong.
ametisto and future canvas
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$GMX
GMX is down -18.83%, shaken by ongoing security issues that have sparked panic across the DeFi space. As a major decentralized trading platform, this setback raises serious questions — but also opens the door for speculative rebounds.