GMX plans Solana revenue buybacks and 180-day withdrawal wait for Arbitrum, Avalanche stakers

GMX's new proposal would use Solana protocol revenue remaining after GT token buybacks to fund GMX token buybacks, adding those tokens to staking rewards. Meanwhile, stakers on Arbitrum and Avalanche would face a 180-day withdrawal waiting period starting from their withdrawal request, with the option to cancel the request. The changes aim to start on October 28, pending technical readiness. This plan impacts both existing and new GMX and esGMX staking positions across these networks.

GMX trades at Rp148.693 on Pluang with a 2.97% gain as of Oct 22, 2026 09:11 WIB. Its market cap stands at Rp1.61 trillion, while Solana is priced at Rp1.910.745, down 0.50%. Pluang users show 75% sell activity for GMX and 73% for Solana, reflecting active trading amid the proposal news.