Whale’s Massive GMX Sell-Off Triggers $5.82M Loss And Price Plunge

Whale’s Massive GMX Sell-Off Triggers $5.82M Loss And Price Plunge

10
0
SHARE
This post was originally published on this site

Source: TheMerkle.com

In early June, a significant investor or institution made waves by acquiring 302,000 GMX tokens for $13.47 million at an average price of $45 through six separate addresses.

This substantial purchase drove GMX’s price up by 12%, reflecting the market impact of such a concentrated buy.

However, recent movements suggest the same entity has now exited its position, incurring heavy losses. Just six hours ago, four of their addresses transferred

Read More https://themerkle.com/whales-massive-gmx-sell-off-triggers-5-82m-loss-and-price-plunge/

The post "Whale’s Massive GMX Sell-Off Triggers $5.82M Loss And Price Plunge" appeared first here TheMerkle.com.

Source: TheMerkle.com

NO COMMENTS

LEAVE A REPLY