Insider Trader @qwatio's 475k USDC ETH Short on GMX Liquidated
BlockBeats reported on August 7 that monitoring by Yu Jin captured the liquidation and reduction of an ETH short position on GMX executed with 475,000 USDC.
ETH
USDC
Summary
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Terms & Concepts
ETH: The native cryptocurrency of the Ethereum blockchain, commonly used for transactions and smart contracts.
GMX: A decentralized exchange offering spot and perpetual trading services for cryptocurrencies.
USDC: A stablecoin pegged to the U.S. dollar, used for maintaining stable value in transactions.