On August 5th, Whales Market founder Dexter released a statement on the X platform, revealing that he had in-depth communication with a number of first- and second-tier CEXs in the past two days, and all the interviewed platforms recommended that GM should not be launched this month, especially when considering the use of promotion methods such as launchpool. Dexter stressed that the team will continue to monitor market dynamics, and if the current trend continues, the release of $GM may be delayed again.