GMX DAO completed a buyback of 9,175 GMX tokens last week, spending about $75,000 at an average price of $8.17 per token. This buyback is part of an ongoing program that has acquired nearly 500,000 tokens since March 2026, with total spending around $3.24 million and an average purchase price of $6.50 per token. The buyback initiative is managed by GMX's decentralized autonomous organization (DAO) to control token supply and influence market dynamics. GMX operates as a decentralized trading platform offering leveraged cryptocurrency trading options.
GMX token trades at Rp140,481 on Pluang, down 3.33% as of Oct 08, 2026 23:42 WIB. The market cap stands at Rp1.47 trillion with a 24-hour volume of Rp111.59 million. Most Pluang users are selling, with 97% of order activity as sell orders and a typical hold time of 47 days.
