← Project CheckGMX $GMX — Project Check
Is GMX legit or a rug? Here's an on-chain read of GMX ($GMX) on arbitrum — its liquidity, holder concentration, contract control, and whether its X account matches the official account on its CoinGecko listing. Community health isn't scored here; run the live check for that.
arbitrum · 0xfc5a1a6e…35ad0a
High on-chain risk — significant red flags for a KOL considering this project.
Grounding✓ @gmx_io verifiedDecentralized Finance (DeFi)CoinGecko #297
Flags
- Top 10 wallets hold 85% of supply — concentrated; a few holders could sell into your audience.
- The contract appears to include a mint function — new supply may be creatable.
100
Verified contract
Address is a deployed on-chain contract.
96
Official account verified
X account @gmx_io matches the official account on this token's CoinGecko listing.
94
Liquidity depth
Total liquidity is $2.0M.
53
Liquidity vs. valuation
Liquidity is 2.2% of market cap.
90
Market activity
24h volume is $327k (0.16x liquidity).
55
Contract control
The contract appears to include a mint function — new supply may be creatable.
95
Sellability
No honeypot flag — token appears sellable.
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Liquidity lock
Liquidity lock not verifiable for this pool type.
95
Market age
Oldest market is 1752 days old.
95
Supply overhang (unlock risk)
Supply is essentially fully circulating — little unlock overhang.
13
Holder concentration
Top 10 wallets hold 85% of supply — concentrated; a few holders could sell into your audience.
94
Holder base
298,259 holders.
90
Market presence
20 liquidity pools across DEXes.
81
Listing recognition
Listed on CoinGecko at market-cap rank #297.
GMX — frequently asked
Is GMX a honeypot? Can you sell it?
No honeypot flag — token appears sellable.
Does GMX have enough liquidity?
Total liquidity is $2.0M.
Is GMX's supply concentrated in a few wallets?
Top 10 wallets hold 85% of supply — concentrated; a few holders could sell into your audience.
Can GMX's contract be changed or its supply minted?
The contract appears to include a mint function — new supply may be creatable.
Is GMX's X account the verified official one?
X account @gmx_io matches the official account on this token's CoinGecko listing.
Taking a deal with GMX?
Run the live check to add the community-health read — real vs manufactured engagement, and whether vetted creators actually engage — before you put your name on it.
Run the live check →On-chain and CoinGecko signals, cited — not financial advice. Always DYOR.