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The Daily Hodl
2023-02-21 19:41:16

Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data

Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data

Two crypto firms are scooping up large amounts of one fast-rising decentralized exchange (DEX) token, according to on-chain data from the Arbitrum blockchain. According to blockchain tracker LookOnChain, crypto finance service provider Amber and crypto institutional asset manager Arca are both in the midst of accumulating GMX, the popular DEX built on Arbitrum. Says LookOnChain, The post Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data appeared first on The Daily Hodl .

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