Blockchain tracking firm Lookonchain says that whales \u2013 possibly institutional investors \u2013 are accumulating a decentralized exchange (DEX) altcoin.<\/p>\n
According to Lookonchain, fresh wallets have been accumulating the native token of GMX (GMX<\/a>), a DEX that operates on the Arbitrum (ARB<\/a>) and Avalanche (AVAX<\/a>) blockchains offering spot and leveraged trading.<\/p>\n The firm says the entity has already accumulated over $15 million worth of GMX from Binance.<\/p>\n \u201cWhales\/institutions are buying GMX, and the price of GMX has increased by ~24% in [two days].<\/em><\/p>\n Six fresh wallets withdrew a total of 344,502 GMX ($15.3 million) from Binance in [two days].<\/em><\/p>\n Wallets:<\/em> At time of writing, GMX is trading for $38.51, down 2.73% in the past day.<\/p>\n Lookonchain has also spotted another whale that is currently in an accumulation phase, this time targeting the frog-themed memecoin Pepe (PEPE<\/a>) from crypto exchange Kraken.<\/p>\n \u201cA whale bought 231.6 billion PEPE ($2.9 million) from Kraken again.<\/em><\/p>\n The whale has bought a total of 750.34 billion PEPE ($8.34 million) from Kraken at an average price of $0.00001111 since Mar 16th.\u201d<\/em><\/p>\n During a recent price correction, Lookonchain noticed<\/a> that crypto investment firm Nascent purchased over $5.85 million worth of PEPE.<\/p>\n At time of writing, PEPE is trading at $0.0000125, down 13% in the last week.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Blockchain tracking firm Lookonchain says that whales \u2013 possibly institutional investors \u2013 are accumulating a decentralized exchange (DEX) altcoin. According to Lookonchain, fresh wallets have been accumulating the native token of GMX (GMX), a DEX that operates on the Arbitrum (ARB) and Avalanche (AVAX) blockchains offering spot and leveraged trading. The firm says the entity […]<\/p>\n","protected":false},"author":2,"featured_media":172129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-320448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=320448"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320448\/revisions"}],"predecessor-version":[{"id":320453,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/320448\/revisions\/320453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/172129"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=320448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=320448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=320448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
0x68fdea13878d7ce741cc596db55564909d9ecc8a<\/em>
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0x441f9c411339a11f1dcd9f6e8ad736e21b290fc0\u2033<\/em><\/p>\n
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