Lookonchain: Amber Group and Arca are increasing 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 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.

Interpretation of this information:

The message reports that Amber Group and Arca have been increasing their holdings in GMX, according to Lookonchain’s monitoring. Over the past month, Amber Group received 122144 GMXs, valued at $9.8 million, from the address of Qian’an Exchange at an average price of $61.9. Meanwhile, Arca bought 42972 GMX with 2065 ETHs at an average price of approximately $81.5 over the past three days and 23476 GMX with 1 million USDC at an average price of $42.6 a month ago.

This message indicates that both Amber Group and Arca have faith in the future of GMX, a digital asset related to the Goldmaxcoin project. Through the increasing volume of their holdings, they demonstrate confidence in the asset’s potential value growth. Moreover, with Amber Group receiving such a significant amount of GMX at a relatively high average price, they may be willing to bet that the value will continue to climb. Similarly, Arca’s purchase of significant amounts of GMX with both ETH and USDC signals they believe that the asset has the potential for growth in both the short and long term.

In conclusion, the message reports on Amber Group and Arca’s increased holdings of GMX over the past month. These actions demonstrate their confidence in the potential value growth of the asset.