Odaily News According to on-chain analyst Ember, a large whale or institution transferred its last 120,800 GMX (about $3.63 million) to Binance and completed the sale in the past 15 minutes, causing the price of GMX to fall again from $30 to $28.5. Data shows that the whale or institution sold a total of 388,000 GMX (about $12.13 million) today. This liquidation operation resulted in a loss of $5.82 million and had a significant impact on the price of GMX.