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The Daily Hodl 2023-08-23 00:00:44

GMX Trader Makes Over $1 Million Shorting and Then Longing Ethereum During Crypto Market Crash: On-Chain Data

Blockchain tracker Lookonchain finds that a trader using the decentralized exchange (DEX) GMX made more than $1 million by accurately predicting Ethereum’s (ETH) price action over the past several weeks. Lookonchain notes the trader shorted ETH on July 14th, when it was trading near a recent high at around $2,000, and then the trader closed The post GMX Trader Makes Over $1 Million Shorting and Then Longing Ethereum During Crypto Market Crash: On-Chain Data appeared first on The Daily Hodl .

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