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Traders Bet on GMX Tokens as Proxy for Ethereum Layer 2 Tool Arbitrum

The tokens have almost doubled in price during the past two weeks during a mostly flat market.

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)
GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)