Data: A certain whale/entity sold 267,000 GMX 6 hours ago, incurring a loss of 4 million dollars
According to ChainCatcher's message, on-chain analyst Yu Jin monitored that at the beginning of June, a whale or institution accumulated 302,000 GMX (worth $13.47 million) through 6 addresses at an average price of $45, which drove the GMX price up by 12%.
6 hours ago, this whale/institution transferred a total of 267,000 GMX (worth $8.5 million) from 4 of its addresses to Binance for sale, crashing the GMX price from $33 to $28, a decline of 14%.
Buying at $45 in June and now selling at around $30, this whale/institution has incurred a loss of $4 million on GMX.
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