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Arthur Hayes, Renowned Cryptocurrency Investor, Sells Off GMX Holdings

Renowned cryptocurrency investor Arthur Hayes has reportedly divested his holdings in GMX, marking the end of his two-year tenure as the coin’s largest holder. In the past 24 hours, trading volume for $GMX has surged significantly, soaring by over 400%. However, market data suggests that selling pressure outweighs buying sentiment, resulting in an 8% decline in the token’s value over the past week and a notable 29% drop over the past month. According to reports from the cryptocurrency analytics platform Lookonchain, Hayes, the founder of BitMEX, has unstaked a substantial amount of 237,672.8 GMX tokens, valued at nearly $9.7 million.

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Mantle (MNT) Hits Record High, Surpassing $0.949 Amid Ethereum Layer-2 Boom

Today, Mantle (MNT), the native currency of the Ethereum Layer-2 network, experienced an impressive surge, reaching a record high of $0.949, according to data from Coinmarketcap. The primary driver behind this notable price increase is the growing awareness of the Ethereum Layer-2 ecosystem and the various applications offered by Mantle. Functioning as an L2 scalability solution on the Ethereum blockchain, the Layer-2 network has witnessed substantial growth since its mainnet launch in July of the previous year. CoinGecko data reveals that it currently holds the sixth position among the largest Layer-2 chains, boasting a total locked value exceeding $219 million.

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Polygon’s MATIC Enters New Growth Phase As Token Distribution Concludes

The conclusion of the token distribution phase for Polygon’s cryptocurrency, MATIC, marks a significant milestone and potentially signals the beginning of a new phase of growth for the asset. Today, approximately 273 million MATIC tokens, valued at around US$253 million, were transferred from the Matic vesting contract to the Matic Foundation address, effectively completing Matic’s token unlock process. With this transfer, MATIC has entered full circulation, paving the way for potential developments and opportunities in the future. 273 million MATIC (valued at approximately US$253 million) were transferred from the Matic vesting contract to the Matic Foundation address today. This is

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