GMX DAO vote proposes transferring about $7 million in assets to the POL multisig as an emergency market-making reserve
$GMX is now at 8.43, down 5.7% over 24 hours. Going forward, watch two things: whether trading volume picks up and whether the price can sustain its move. Intuitively, this is good news, but whether the positive catalyst is reflected in the price depends on whether others follow through. To gauge the significance of a piece of news, I only compare price and volume before and after it.
$GMX is now at 8.43, down 5.7% over 24 hours. Going forward, watch two things: whether trading volume picks up and whether the price can sustain its move. Intuitively, this is good news, but whether the positive catalyst is reflected in the price depends on whether others follow through. To gauge the significance of a piece of news, I only compare price and volume before and after it.
