Watch GMX Coin Skyrocket with the Latest Turnaround Announcement
2025-07-11 13:31:03
Main Idea
GMX Coin's price surged over 15% following a positive announcement from the team, recovering from a previous hack-induced decline, with potential to retest higher price ranges if market conditions remain favorable.
Key Points
1. GMX Coin experienced a price drop of over 25% after a hacking incident was announced on July 9.
2. The team's subsequent announcement, including a compensation program and recovery of funds, led to a price increase of over 15%.
3. A security vulnerability in the GMX V1 codebase was identified, and potential losses of $42 million for GLP holders were prevented.
4. Contributors are working on a distribution plan for the remaining funds, which will be presented to GMX DAO.
5. The price could potentially retest the $15 to $18 range if overall market conditions support it.
Description
GMX Coin's price declined by over 25% following a hacking event. Positive news led to a reversal, and the price rose by 15% or more. Continue Reading: Watch GMX Coin Skyrocket with the Latest Turnaround Announcement The post Watch GMX Coin Skyrocket with the Latest Turnaround Announcement appeared first on COINTURK NEWS .
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