GMX is the governance and utility token of the decentralised perpetual and spot DEX GMX, running primarily on Arbitrum and Avalanche with expanding bridges — enabling low‑fee, zero‑slippage trading up to high leverage.
As of now, GMX trades around ≈ ৳776–৳1,000 per token (≈ $6.1–$6.3), well below its all‑time high near ~$91, reflecting a steep contraction from prior peaks.
Price action shows recent 7‑day weakness amid broader crypto bearishness, although occasional rebounds are seen from oversold levels.
Fundamental news includes protocol recognition among top DEX tokens and DAO budget approvals to support growth and security audits to shore up confidence.
Security concerns from past exploits have tempered sentiment, but ongoing development on V2 and multi‑chain access keeps utility alive.
Near‑term technicals point to consolidation; breaking key short‑term resistance could signal a recovery attempt, but overall trend remains cautious.
@GMX_IO-1 $GMX #GMXToken #gmx