Golden Finance reported that in early June, a whale or institution purchased 302,000 GMX ($13.47 million) through 6 addresses for a hoard of $45, pushing the GMX price up by 12% at the time. Six hours ago, 4 addresses of this whale/institution transferred a total of 267,000 GMX ($850,000) to Binance for sale. It dropped the price of GMX from 33 to 28, a drop of 14%. Bought in June for $45 and now selling for ~$30, this whale/institution lost $4 million on GMX.