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https://www.gate.com/announcements/article/45974
GMX v1 liquidated old BTC positions, incurring $13 million in costs, some of which will be used to repurchase GMX.
PANews April 7 news, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, generating 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, it was mentioned that a TWAP (Time Weighted Average Price Order) worth 4 million dollars is acting on a token with a market capitalization of 100 million dollars.