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GMX touched $45 this morning, experiencing a "flash crash", and has since dropped to $22.26.

By: theblockbeats.news|2025/08/10 01:52:00

BlockBeats News, August 10th, according to HTX market data, GMX "needle-dropped" to $45 at 4:36 this morning, and is now falling back to $22.26, with a 24-hour gain of 53.71%, pushing its market cap to $226 million.

According to BWEnews analysis, "Before the GMX price started to fluctuate, a large volume of trading first appeared on Hyperliquid's GMX-USD perpetual contract. For example, from 4:12:46 to 4:13:45, $800,000 worth of GMX was traded on the Hyperliquid perpetual contract. Subsequently, the price on Binance started to soar at 4:14:41."

Ethereum PoS New Staking Requirement has seen a continuous decline in recent days to 22,000 ETH, while the Exit Queue has risen to 479,300 ETH.

White House Cryptocurrency Committee Executive Director Bo Hines to Step Down, Return to Private Sector