Co-founder and CEO of crypto trade BitMEX, Arthur Hayes, at the moment owns the biggest GMX (GMX) holdings — accounting for 200,580 tokens, in line with Lookonchain.
Hayes collected 200,580 GMX tokens between Mar. 2, 2022, and Sept. 7, 2022, in line with knowledge shared by Lookonchain. Hayes spared a complete of three,386 Ethereum (ETH) for these purchases from the common buy worth of $28.5. This quantity equated to round $5.72 million on the time. He additionally claimed 12,405 escrowed GMX(esGMX), which added one other $818,744 to the pool.
CryptoSlate knowledge exhibits that the GMX token is being traded for round $65.97 on the time of writing, which signifies that Hayes’s GMX reserve is price round $13.23 million. This additionally reveals that Hayes’ GMX pool yielded over $7.5 million in revenue.
GMX
Knowledge from the tip of 2022 pointed at GMX because the best-performing crypto through the bear market. All through 2022, the GMX token fell solely by -23% — regardless of the devastating results of the winter.
On Sept. 19, 2022, a malicious actor exploited GMX to steal $565,000 Avalanche (AVAX) tokens. In response, the GMX token recorded a ten% lower on the time. On Jan. 4, 2023, a GMX whale deal with received attacked by hackers — shedding $3.4 million price of GMX tokens. The GMX token solely fell by 3% following the incident.
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