$3 Million in Ethereum Made by This 'Smart Money' on GMX and GNS, Here's How

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$3 Million in Ethereum Made by This 'Smart Money' on GMX and GNS, Here's How
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Mysterious whales have sold thousands of $GMX and $GNS, here are their profits and losses. lookonchain

Another whale capitalizing on GMX sale

In a later published tweet, Lookonchain also reported about another Smart Money wallet, who also made some profit from selling its GMX tokens. He had bought 5 GMX for 404,403 USDC four hours ago, paying $79.24 per coin. He also sold 1,645 GMX he had acquired on Feb. 11 at $61 per coin , earning 107,017 USDC. His total profit was roughly $7,000.

On Jan. 11 and Feb. 3, the same whale sold 8,403 GMX at $53 per coin, making $141,000. He bought that amount of GMX from late October through early January at $36 per GMX token. GMX is currently trading at $79.18 after a marginal rise over the past 24 hours, according to data provided by CoinMarketCap. As for GNS, this token is changing hands at $6.79.

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