GMX Token Surges 18% After Security Recovery and TWAP-Driven Liquidity Spike on Binance

GMXUSDT experienced an 18.32% price increase over the last 24 hours, with the current price at 17.70 USDT on Binance. The surge is primarily attributed to heightened market activity following the recent recovery from a major security breach on the GMX V1 platform, which saw the return of a significant portion of stolen funds and a subsequent restoration of market confidence. Additionally, a TWAP operation on the GMXUSDT spot market prompted market makers to adjust positions, further impacting liquidity and contributing to volatility. Trading volume has spiked, with Binance reporting 4.96 million GMX traded (equivalent to 100.13 million USDT), reflecting strong interest and substantial price movement within a 24-hour range from 14.96 to 17.70 USDT.