Arthur Hayes (BitMEX founder) just unstaked and transferred all 237,673 GMX ($9.69M) to CEX and Wintermute at $40.75 on average in the past 45 minutes, including:

• unstaked 237,673 GMX ($9.79M) (txn: 0xf3d42c393de36ec48e522b422119b21a4dba922201d5e3b5c662cb0130b028b0)
• sent 25,000 GMX ($1.02M) to Binance (txn: 0xc78f327a7b21d29d166fdeaf5ff745744eebe9a3dc231986049ace6b0eab1c9a)
• sent 8,000 GMX ($328K) to Bybit (txn: 0x3093bf9fcf4782cc06caa0b882615693d783878caacc48d199c8b7184eadba8f)
• sent 8,000 GMX ($328K) to OKX (txn: 0xbd3583ca4eaaf5cdfae54c2f6e307b373eacf676f11678252fa2bf0d98e92251)
• 196,673 GMX ($8.01M) to Wintermute (txn: 0xc806025357424b1a6c1af6a6e35b0521ef68809929483b166a859e3cf1330f29)

• address: 0x534a0076fb7c2b1f83fa21497429ad7ad3bd7587

• This address belongs to the entity Arthur Hayes (BitMEX founder)

Notably, the founder of BitMEX allegedly bought those tokens at $31.36 on average (estimated cost: $7.45M) from Uniswap, Bybit, KuCoin, and Wintermute Trading between March 3, 2022, and December 23, 2023. His wallet had been the number one personal address GMX-holding wallet since 2022. If truly selling now, Mr. Arthur Hayes would realize an estimated profit of $2.24M (+30.1%).

Fig 1. Arthur Hayes (BitMEX founder)'s GMX accumulating history.