Arthur Hayes, the founder of the crypto exchange BitMEX, recently made a move on an altcoin he had held since 2022. This move saw the transfer of over 230,000 GMX tokens to Wintermute Trading, seemingly making a profit of $3.2 million. Altcoin Dropped By Its Largest Personal Holder Blockchain research platform Lookonchain revealed that Arthur…
The Ethereum price has followed Bitcoin’s lead and has seen a 10.3% price increase over the past seven days. News of BlackRock’s Bitcoin spot ETF filing with the US Securities and Exchange Commission took the entire market by surprise and also breathed new life into altcoins. For one trader on the decentralized perpetual exchange GMX,…
The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the…
GMX price continues to show bullish strength as price increases on all timeframes, as there is no sign of retracement. GMX is one of the arbitrum favorites listed on the Binance innovation trading interface. The price of GMX holds above support as price trends on the daily timeframe to create new all-time highs. GMX token…
GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day, pushing monthly losses to 24%. This downturn has seen prices tumble close to $40, a critical…
GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX’s 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at…