GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation

GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation

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Source: TheMerkle.com

The decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week.

On-chain data from Lookonchain indicates significant buying activity from whales and institutions.

66 Wallets Withdrew 344,502 GMX Tokens

In the past two days, six new wallets collectively withdrew 344,502 GMX tokens, valued at $15.3 million, from Binance. This accumulation by large holders

Read More https://themerkle.com/gmx-experiences-brief-decline-amidst-whale-and-institutional-accumulation/

The post "GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation" appeared first here TheMerkle.com.

Source: TheMerkle.com

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