$SOL 𝙎𝙤𝙡𝙖𝙣𝙖’𝙨 𝙧𝙚𝙘𝙚𝙣𝙩 𝙥𝙚𝙧𝙥 𝙫𝙤𝙡𝙪𝙢𝙚 𝙣𝙪𝙢𝙗𝙚𝙧𝙨 𝙡𝙤𝙤𝙠 𝙢𝙖𝙨𝙨𝙞𝙫𝙚, 𝙗𝙪𝙩 𝙩𝙝𝙚 𝙙𝙚𝙩𝙖𝙞𝙡𝙨 𝙢𝙖𝙩𝙩𝙚𝙧

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GM Trade by GMX pushed roughly $4B in daily volume and $220M in open interest, yet much of that activity appears tied to airdrop farming rather than organic trading demand.

It is a good reminder that volume alone can be misleading when incentive programs heavily influence behavior.

© Stacy Murr