According to BlockBeats news on August 10, GMX reached a "Long Wick Candle" of 45 USD at 4:36 this morning, and has now fallen back to 22.26 USD, with a 24-hour rise of 53.71%, and a market capitalization of 226 million USD according to HTX market data. Analysis from BWEnews states, "Before GMX began to fluctuate, there was a large transaction volume on Hyperliquid's GMX-USD Perptual Futures. For example, from 4:12:46 to 4:13:45, there was a transaction of 800,000 USD of GMX on Hyperliquid. Subsequently, the price on Binance began to soar at 4:14:41."
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GMX touched 45 dollars this morning with a Long Wick Candle, now it has fallen back to 22.26 dollars.
According to BlockBeats news on August 10, GMX reached a "Long Wick Candle" of 45 USD at 4:36 this morning, and has now fallen back to 22.26 USD, with a 24-hour rise of 53.71%, and a market capitalization of 226 million USD according to HTX market data. Analysis from BWEnews states, "Before GMX began to fluctuate, there was a large transaction volume on Hyperliquid's GMX-USD Perptual Futures. For example, from 4:12:46 to 4:13:45, there was a transaction of 800,000 USD of GMX on Hyperliquid. Subsequently, the price on Binance began to soar at 4:14:41."