• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

BitMEX Founder Arthur Hayes Sends Over $1,000,000 Worth of GMX Tokens to Centralized Exchanges: On-Chain Data

n70products by n70products
April 9, 2024
in Altcoin
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


BitMEX founder Arthur Hayes has reportedly despatched greater than $1 million price of the decentralized trade (DEX) altcoin GMX (GMX) to centralized exchanges.

Pseudonymous on-chain analyst EmberCN tells their 79,700 followers on the social media platform X that Hayes had managed the biggest private handle for GMX holders since 2022.

On Sunday, the BitMEX founder transferred all his 237,000 GMX (price $9.78 million) to a newly created handle. That handle subsequently despatched 41,000 GMX price $1.68 million to the centralized crypto exchanges Binance, OKX and Bybit, in response to EmberCN.

The analyst additionally says that the newly created handle possible belongs to the algorithmic digital asset buying and selling agency Wintermute.

“This newly created handle obtained gasoline from Wintermute, so it ought to belong to Wintermute. [Hayes’] GMX might be entrusted to Wintermute on the market or OTC (over-the-counter) [trade].”

Crypto analytics agency Arkham confirms Hayes’s abrupt switch of GMX tokens.

Hayes held the GMX at a mean value of $45 per token, in response to EmberCN. The 225th-ranked crypto asset by market cap is buying and selling at $41.54 at time of writing and is down greater than 54% from its all-time excessive of $91.07, which it set almost one 12 months in the past, in response to CoinGecko.

GMX focuses on perpetual futures and goals to offer low swap charges and low-price affect buying and selling, in response to the challenge’s website. The GMX token is used for staking and governance.

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Examine Price Action

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.

Generated Picture: DALLE3





Source link

Tags: ArthurBitMEXCentralizedDataExchangesFounderGMXHayesOnChainSendsTokensWorth
Previous Post

Can Polygon Rip Higher To $1.15

Next Post

Ethereum holders, watch out for this as over 45,000 ETH flood exchanges

Next Post

Ethereum holders, watch out for this as over 45,000 ETH flood exchanges

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Bitcoin Transaction Activity Hits 11-Month Low — What’s Happening?

Bitcoin Transaction Activity Hits 11-Month Low — What’s Happening?

February 5, 2025
Crypto Strategist Says Dogecoin Close to Confirming Pattern Breakout, Updates Forecast on Polkadot and FET

Crypto Strategist Says Dogecoin Close to Confirming Pattern Breakout, Updates Forecast on Polkadot and FET

December 1, 2024
Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report

Do Kwon Set To Be Extradited to the US After Losing Appeal in Montenegrin Constitutional Court: Report

December 27, 2024

Recents

Sharplink’s $1B Ethereum bet: How it can change the game for ETH

Sharplink’s $1B Ethereum bet: How it can change the game for ETH

June 1, 2025
France Charges 25 Over Crypto Kidnapping Spree in Paris

France Charges 25 Over Crypto Kidnapping Spree in Paris

June 1, 2025
Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version