TechFlow reports, according to on-chain analyst烬 (Yujing), Arthur Hayes, founder of BitMEX, has been the top individual holder of GMX since 2022, maintaining a long-term position in GMX at a cost of approximately $45 (excluding staking rewards).
Half an hour ago, he transferred his entire GMX holdings (237,000 tokens, worth $9.78 million) to a newly created address. This new address subsequently sent 41,000 GMX (worth $1.68 million) to Binance, OKX, and Bybit.
The new address received gas from Wintermute, indicating it likely belongs to Wintermute. This suggests Arthur Hayes' GMX was likely entrusted to Wintermute for sale or OTC execution.
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