GMX touched $45 this morning, experiencing a "flash crash", and has since dropped to $22.26.

BlockBeats News, August 10th, according to HTX market data, GMX "needle-dropped" to $45 at 4:36 this morning, and is now falling back to $22.26, with a 24-hour gain of 53.71%, pushing its market cap to $226 million.

According to BWEnews analysis, "Before the GMX price started to fluctuate, a large volume of trading first appeared on Hyperliquid's GMX-USD perpetual contract. For example, from 4:12:46 to 4:13:45, $800,000 worth of GMX was traded on the Hyperliquid perpetual contract. Subsequently, the price on Binance started to soar at 4:14:41."