<ul><li>Arthur Hayes transferred all his GMX holdings ($9.78M) to a new address, potentially incurring a $205k loss.</li><li>Hayes possibly profited $3.2M after moving 237,672.8 GMX to Wintermute Trading, as per Lookonchain.</li><li>The GMX price drop to $37.72 reflects a 7.57% decrease in the last day, impacting market sentiment.</li></ul>BitMEX founder Arthur Hayes has been in the spotlight lately after making significant transactions within the crypto space. This time, it was for his substantial activities with GMX, a virtual token in the <a href="https://cryptotale.org/?s&#61;crypto" rel="noopener noreferrer nofollow">crypto</a> sphere. Reports from Wu Blockchain and Lookonchain revealed contrasting views on Hayes&#39; transactions involving GMX tokens. Consequently, the crypto community speculates on the implications of these moves.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6b963b267e3e4034b6a09224de1bc897.png" />Wu Blockchain detailed that Hayes, who has been the leading individual holder of GMX since 2022, transferred all his GMX holdings, valued at $9.78 million, to a new address. Moreover, he moved 41,000 GMX, worth approximately $1.68 million, to <a href="https://cryptotale.org/?s&#61;centralized&#43;exchange" rel="noopener noreferrer nofollow">centralized exchange</a>s (CEXs). With an average purchase cost of about $45 and the current price hovering around $40, Hayes appears to have incurred a loss of $205,000.<a href="https://cryptotale.org/bitmex-founder-shifts-9-78-million-in-gmx-what-lies-behind-the-move/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BitMEX Founder Shifts $9.78 Million in GMX: What Lies Behind the Move?

CryptoTale

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