- AVAX and GMX have over 60% and over 40% holders holding in profit, respectively.
- AVAX has increased by over 100% in value in the last two months.
The AVAX and GMX tokens within the Avalanche ecosystem showcased positive price trends at press time, yet a notable contrast existed in the number of holders experiencing profits.
More AVAX in profit than GMX
As per IntoTheBlock’s data, more than 66% of AVAX token holders were profiting within the Avalanche ecosystem at press time.
Moreover, AMBCrypto found that the circulating supply of AVAX stood at over 365 million at press time, with a total supply of over 433 million, according to CoinMarketCap.
66% of $AVAX holders are in profit, the highest of top tokens in the Avalanche ecosystem. $GMX and $Joe are also showing good profit ratios, though a larger share of their holders are still in the red.
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Author: Adewale Olarinde
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