Data: GMX v1 liquidation of old BTC positions generated $13 million in fees, part of which will be used to repurchase GMX

ChainCatcher message, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, resulting in over 13 million dollars in fees, including borrowing fees. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, he mentioned that a TWAP (time-weighted average price order) worth 4 million dollars is currently affecting a token with a market cap of 100 million dollars.