Arthur Hayes of BitMEX, the founder and CEO of decentralized exchange (DEX), altcoin GMX, has reportedly transferred more than $1,000,000 worth.GMX( ) to central exchanges.
EmberCN is a pseudonymous analyst on the chain tells Hayes has had 79.700 social media followers since 2022.
BitMEX’s founder sent all 237,000 GMX ($9.78 million worth) on Sunday to a newly-created address. According to EmberCN, this address then sent 41,000 GMX (worth $1.68million) to Binance OKX Bybit.
Analysts also say that it is likely the address belongs to Wintermute, a digital asset trading algorithmic firm.
“This newly created address received gas from Wintermute, so it should belong to Wintermute. [Hayes’] GMX is probably entrusted to Wintermute for sale or OTC (over the counter) [trade].”
Arkham Crypto Analytics is a crypto analytics company. confirms Hayes’s sudden transfer of GMX Tokens.
Hayes purchased the GMX on average at $45 per token. This is according to EmberCN. According to EmberCN, the 225th ranked cryptocurrency asset in terms of market capital is currently trading at $41.54 and has fallen more than 54% since its high of $91.07 set almost a year ago. CoinGecko.
According to its developers, GMX specializes on perpetual futures. It also aims to offer low swap fees as well as low price impact trading. website. The GMX is used to stake and govern.
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