Arca Capital sold the remaining GMX

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Feb 08, 2024

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Arca Capital sold the remaining GMX

Outflow

Related addresses

Arca Capital 0xa66

Total tokens transferred

395.282

WETH

21.681K

GMX

Related transactions

Arca Capital 0xa66

Uniswap

Feb 08, 21:57

Arca Capital just sold 21,681 GMX ($958K) for 395.28 ETH at $44.2:

transaction: 0xf4ca34d392d2c35613864827a77abc0de2727d366460834071314c361e966260
address: 0xa66f8db3b8f1e4c79e52ac89fec052811f4dbd19
This address belongs to the entity Arca Capital

Notably, the VC:

bought 66,448 GMX with stablecoins and ETH at an average price of $66.9 ($4.45M) between December 20, 2022, and February 20, 2023;
vested 1,933 GMX (then $91.4K) from GMX between March 17 and October 5, 2023;
sold all tokens at $65.052 on average ($4.45M) on March 17, 2023, and just now, breaking even.

Currently, the VC no longer holds any GMX.

The GMX price is on the decline after the sale.

Fig 1. Arca Capital's overall GMX trading history.

#arca capital

#gmx

#sell

#break even

#vc

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Arca Capital sold the remaining GMX

Last synced: Feb 09, 01:08

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