Just now, the GMX on Binance pumped 100% and dumped in short interval again. Fun Fact, right before the GMX started to move, there’s large quantity fi
Main Idea
GMX on Binance experienced a rapid 100% price surge and subsequent dump, preceded by large GMX-USD perpetual contract fills on Hyperliquid exchange.
Key Points
1. GMX's price on Binance surged by 100% and then dumped quickly in a short interval.
2. Before the price movement, a large quantity of GMX-USD perpetual contracts ($800k worth) were filled on Hyperliquid exchange between 20:12:46 and 20:13:45 UTC.
3. The price surge on Binance began at 20:14:41 UTC, shortly after the large fills on Hyperliquid.
Description
Just now, the GMX on Binance pumped 100% and dumped in short interval again. Fun Fact, right before the GMX started to move, there’s large quantity fill on GMX-USD perp
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