GMX v1 liquidated old BTC positions and incurred $13 million in fees, part of which will be used to repurchase GMX
On April 7th, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, incurring over $13 million in fees, including borrowing costs. It is reported that 30% of these fees will be used to repurchase GMX tokens. Additionally, he mentioned that a $4 million TWAP (time-weighted average price order) is in effect for a token with a market value of $100 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Clings to $74K: Analyzing BTC’s Ability to Ward Off Further Decline
Stability at $74K: How 50,000 BTC Holders are Supporting Bitcoin's Resistance Against Further Dips

Donald Trump’s Memecoin to Face $320 Million Token Unlock as Price Dips

33% of French looking to buy crypto in 2025 but Italians are even more bullish
Share link:In this post: A third of French people intend to purchase cryptocurrencies this year. New study shows Italians as most bullish among surveyed nations in Europe. The crypto sector’s growing legitimacy helps attract more investors, researchers say.
Spanish Police End Crypto Scam Ring That Used AI to Swipe $21 Million From Investors

Trending news
MoreCrypto prices
More








