A whale opened a position in GMX at a unit price of $45 in early June, and sold it at a loss of $4 million 6 hours ago

In early June, a whale or institution bought 302,000 GMX ($13.47 million) at a stockpile of 45 through six addresses, driving the GMX price up 12% at the time. Six hours ago, the whale/institution transferred a total of 267,000 GMX ($850,000) to Binance for sale at four of its addresses. The price of GMX dropped 14% from 33 to 28. Bought at 45 in June and now selling at about 30, this whale/institution lost $4 million on GMX.