GMX v1 liquidated old BTC positions, incurring $13 million in costs, some of which will be used to repurchase GMX.

DailyNews

2025-04-07 08:57:18

GMX3,77%

BTC2,16%

PANews April 7 news, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, generating over 13 million dollars in fees, including borrowing fees. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, it was mentioned that a TWAP (Time Weighted Average Price Order) worth 4 million dollars is acting on a token with a market capitalization of 100 million dollars.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

GateUser-95a11799

· 2025-04-07 09:02

It's just incredible.

Reply0