GMX Shark and Whale Addresses Continue to Accumulate the Token

• Ali tweeted this morning that Arthur Hayes is not the only one accumulating GMX.
• Santiment data shows that large addresses have accumulated around $20M of GMX since FTX’s collapse.
• The price of GMX has fallen 1.95% over the last 24 hours.

The crypto trader, Ali (@ali_charts), tweeted this morning that Arthur Hayes (@CryptoHayes) isn’t the only one buying GMX. This tweet follows after data released by Lookonchain on February 6, 2023, showed that Hayes was the largest individual holding an address for GMX at the time the data was tweeted — holding more than 200,580 GMX.

1/ Arthur Hayes (@CryptoHayes) is currently the largest individual holding address of $GMX, holding 200,580 $GMX ($13.47M).

He bought 200,580 $GMX with a cost of 3,386 $ETH($5.72M at that time) from Mar 3, 2022 to Sept 7, 2022, the average buying price is $28.5. pic.twitter.com/cWjlnQScJs

— Lookonchain (@lookonchain) February 6, 2023

Ali’s tweet added that on-chain data from the blockchain analytics firm, Santiment, showed that wallets with between 100K and 1M GMX have bought 10 million tokens since the collapse of GMX. According to the tweet, the total amount of GMX purchased by thes…

The post GMX Shark and Whale Addresses Continue to Accumulate the Token appeared first on Coin Edition.