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A trader on Binance TWAP GMX Spot caused the price to temporarily rise by 100%.
Odaily News A trader in the Binance Spot market caused the GMX price to rise by 100% in a short period by executing a TWAP (Time-Weighted Average Price) purchase of GMX Spot. Future TWAP operations should slow the execution speed and use tools for randomizing trade size and timing; otherwise, market makers may detect it in advance and withdraw liquidity, thus taking advantage of slippage costs for arbitrage. (BWEnews)