$GMX reached a high of $35.13, and the GMX proposal suggests increasing the buyback distribution coverage to 90%.

gate News: On November 26th, the GMX community proposed a new proposal to increase the current Buyback and Distribution (BB&D) coverage ratio from 27% to 90%. According to the proposal, a total of 103,764 GMX tokens (about 5% of the circulating supply) were repurchased in the past 30 days, with a total value of $3.3412 million. As a result, $GMX reached a high of $35.13 this morning and has now fallen to $32.35.

gate data shows that $GMX price has pumped 2.27% in the past 24 hours, with the current price at $32.35, market cap of $317.81M, and 24-hour trading volume of $77.74K.