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
Trump-Elon Musk feud escalates over Epstein allegations
UK FCA proposes to release cryptocurrency ETNs to retail
Trump’s Truth Social Files Bitcoin ETF Application

Dogecoin’s Potential Rally to $5: Evaluating Market Speculation

Trending news
MoreCrypto prices
More








