Amber Group and Arca Increase Their Holdings in GMX
It is reported that according to the monitoring of Lookonchain, Amber Group and Arca have been increasing their holdings in GMX in the past month. Amber Group …
It is reported that according to the monitoring of Lookonchain, Amber Group and Arca have been increasing their holdings in GMX in the past month. Amber Group received 122144 GMXs (current value of US $9.8 million) from the address of Qian’an Exchange in the past month, with an average receiving price of US $61.9. These 122144 GMXs have been transferred to three new addresses. Arca bought 42972 GMX with 2065 ETHs at an average price of about US $81.5 in the past three days, and 23476GMX with 1 million USDC at an average price of US $42.6 a month ago.
Lookonchain: Amber Group and Arca are increasing their holdings in GMX
Interpretation of the news:
The message states that two well-known cryptocurrency investment firms, Amber Group and Arca, have been gradually increasing their holdings in GMX. Lookonchain, a monitoring tool, reported that in the past month, Amber Group received 122144 GMX tokens, with a current value of approximately US $9.8 million, from the address of Qian’an Exchange. The average receiving price was US $61.9, and the tokens have since been transferred to three new addresses.
On the other hand, Arca purchased 42972 GMX tokens in the past three days, paying with 2065 ETHs at an average price of US $81.5. In addition, they also bought 23476 GMX with 1 million USDC about a month ago, at an average price of US $42.6.
The increasing investment by Amber Group and Arca in GMX is a clear indication of their faith in the future of the cryptocurrency. While there could be several reasons for this, one of the primary reasons could be the performance of GMX in the market. Investors often increase their holdings in a cryptocurrency if they believe it will appreciate in value or if they are bullish about the market.
Moreover, the fact that two renowned cryptocurrency investment firms are investing in GMX could also influence other investors to follow suit. The increased demand for GMX could lead to a price rise, benefiting those who hold a significant number of tokens.
In conclusion, the message highlights the investment made by Amber Group and Arca in GMX, indicating that they have faith in its future. While there could be several reasons for their investment, it could primarily be due to the market’s performance and their bullish outlook. The title “Amber Group and Arca Increase Their Holdings in GMX” accurately captures the message, and the keywords “monitoring,” “cryptocurrency,” and “investment” aptly describe the content.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2062/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Voyager’s ETH Sale: A Strategic Move or Forced Liquidation?
According to the report, Lookonchain monitoring data shows that Voyager sold 1449 ETHs through Wintermule five hours ago and received 2.25 million USDCs at a p…
-
The Shift in Market Sentiment
It is reported that today\’s panic and greed index is 44 (yesterday\’s 50), with the grade changing from neutral to panic.
Today, the panic and greed ind…
-
What Does Currency KYC Mean (ks Currency)
What Does Currency KYC Mean? Currency KYC is a digital token in a single English
-
What is cash website (what does cash mean)
The cash website is a free online trading platform. Currently, you can check th
-
Overview of the House Financial Services Committee Hearing on Stable Currency
On April 20th, it was reported that during the hearing of the House Financial Services Committee on the stable currency held on Wednesday, there were disagreements between Democrat
-
What currency is th (th currency price)
What currency is TH? What currency does th have, also known as “currency” in traditional finance, similar to commodities such as gold and silver. But in the field of traditional Cryptocurrency, Bitcoin (BTC) is usually used as a value storage method; In the blockchain industry, Litecoin or Ethereum are mainly used for settlement For ordinary investors, it is very necessary to obtain legal digital currency investments: first, they need to understand what Th (Three Arrows Capital) is. If you want to participate, you must know the technical details or stage behind the project. Secondly, from a technical perspective, it is not fundamentally different from Bitcoin, but can be understood as a distributed network that achieves peer-to-peer transfer of assets through consensus mechanisms, thereby ensuring safe and reliable transactions Price of th coinAccording to CoinGecko data, the current price of th coin is 0.035 US dollars. According to Coinmarketcap, th’s 24-hour trading volume reached $1.5 billion It is reported that Th…
-
Why Bitcoin needs to be hard forked (why Bitcoin is big cake)
Why Bitcoin needs to be hard forked Editor’s note: This article is from William Chatter (ID: William1913), written by William Chen, and reprinted by the Daily Planet with authorization Why does Bitcoin have to be hard forked? The birth of Bitcoin is to solve the problem of “block time”, rather than just a new version that appears to solve the problem. It is not a one-way upgrade but a smaller update brought into the network, thereby changing the original Bitcoin mechanism and consensus In the past decade, with the development of technology, applications, and increasing awareness of blockchain technology, we have seen that blockchain technology is becoming more mature, which has led developers to conduct in-depth research on blockchain technology and propose some new solutions to achieve this goal. However, some of the new features in these schemes have not been well reflected, such as in the Bitcoin protocol layer, where more functions can be extended to other chains or…
-
The Federal Reserve’s interest rate swap completely excludes the possibility of a 25 basis point interest rate hike in May
According to reports, the possibility of a 25 basis point interest rate hike in May has been completely ruled out by the Federal Reserve\’s interest rate swap.
The Federal Reserve\’s -
Taylor Swift Withdraws from FTX’s $100 Million Endorsement Deal: Understanding Unregistered Securities
On April 19th, it was announced that famous singer Taylor Swift had previously withdrawn from FTX\’s $100 million endorsement sponsorship agreement. The lawyer who sued other celebr
-
What currency is req (what currency is rep)
What currency is req? Req is a currency that can be used for payment transactions. Raise funds by using encrypted assets to purchase goods or services. Create and issue required tokens on the Ethereum blockchain. It can conduct transactions in decentralized finance (DeFi) applications. Anyone on this network can link their wallets to a smart contract and transfer them to an address, and then deposit their tokens on the req platform to earn profits. Currently, the project is seeking to sell 100 million required tokens at a price of $10 per token, with the goal of making these tokens an effective means of storing value What currency is reprep is a smart contract used for payment network transactions, which can provide power for decentralized financial applications such as DeFi. Rep uses blockchain technology to solve credit issues in digital asset transfers, allowing users to send payments to their chosen wallets and earn profits. This token is called a REP token,…
-
Sun Yuchen Denies Reports of Huobi Global Equity Sale
According to reports, Sun Yuchen tweeted denying Bloomberg reports that Huobi was seeking an equity buyer. Earlier, Bloomberg quoted people familiar with the matter as reporting th
-
Bitfinex Exchange will launch PREMA (PRMX) on April 4th
According to official news, Bitfinex Exchange will open PRMX deposits around 18:00 Beijing time on April 4th, and will open PRMX/USD and PRMX/USDT trading pairs around 18:00 on Apr
-
Data: One address purchased 46 MAYC NFTs at 527ETH
On April 23rd, according to @ CirrusNFT, someone just purchased 46 Mutant Ape Yacht Club (MAYC) NFTs for 527 ETH (approximately $975000), increasing the floor price by 1 ETH in the
-
CZ responded to CNBC’s well-known host’s statement “not doing business with Coin An”
According to reports, Jim Cramer, host of CNBC\’s financial program Mad Money, targeted Coin On, the world\’s largest cryptocurrency exchange, on social media. He said he would not d
-
What is the Virtual Currency Mining Association
What is the Virtual Currency Mining Association? It refers to a non-profit soci
-
Blur Ethereum Tops NFT Market Aggregators in Ethereum Destruction
On February 25, it was reported that the destruction of Blur Ethereum, the NFT market aggregator, had reached 6277.17 ETH, exceeding gem. xyz (6211.79 ETH) and…