GMX DAO buyback tops 415,000 tokens reacquired
The GMX DAO's open-market buyback program continues. It reacquired 10,560 GMX for ~$65,000 at ~$6.16 between July 29 and August 4, followed by 20,900 GMX for ~$135,000 at ~$6.46 between August 5–18.
Program running total since March 5: 415,780 GMX rebought for roughly $2.6M at a blended average of ~$6.25.
Sources
- A biweekly update this time: The GMX DAO has reacquired 20,900 $GMX for ~$135,000 at an average of ~$6.46, between August 5–18, 2026. 🫐 Program Total (Mar 5 – Aug 18): 415,780 GMX tokens have been rebought on the open market for ~$2,6M, at a blended average of ~$6.25 🔵 https://t.co/WrpnZ8XqDFx.com ↗
- GMX DAO has reacquired 10,560 $GMX for ~$65,000 at an average of ~$6.16 between July 29–August 4. 🫐 Program Total (Mar 5 – Aug 4): 394,880 GMX tokens rebought for ~$2,465,000 at a blended average price of ~$6.24 🔵 https://t.co/fWX8pFt0hmx.com ↗
GMX
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The GMX is a decentralized exchange protocol that deployed on two EVM chains, Arbitrum and Avalanche. The utiitty and governance token for its Arbitrum ecosystem is GMX, which generates 13% APR for the users. On the other hand, the token for the Avalanche ecosystem is GLP, which gives around 21% APR. GMX also has an API for developers to tap into its infrastructure.
