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GMX $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
34
High Risk
High on-chain risk — significant red flags for a KOL considering this project.
Grounding✓ @gmx_io verifiedDecentralized Finance (DeFi)CoinGecko #322
Flags
  • Top 10 wallets hold 80% of supply — concentrated; a few holders could sell into your audience.
  • The contract appears to include a mint function — new supply may be creatable.
Legitimacy
77
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 $1.8M.
57
Liquidity vs. valuation
Liquidity is 2.6% of market cap.
47
Market activity
24h volume is $61k (0.03x 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.
—
Liquidity lock
Liquidity lock not verifiable for this pool type.
Durability
79
95
Market age
Oldest market is 1690 days old.
94
Supply overhang (unlock risk)
Supply is essentially fully circulating — little unlock overhang.
15
Holder concentration
Top 10 wallets hold 80% of supply — concentrated; a few holders could sell into your audience.
94
Holder base
299,032 holders.
90
Market presence
20 liquidity pools across DEXes.
80
Listing recognition
Listed on CoinGecko at market-cap rank #322.
On-chain facts
$6.73
Price
$1.8M
Liquidity
$70.3M
Market cap
$73.9M
FDV
$61k
24h volume
1690d
Market age

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 $1.8M.
Is GMX's supply concentrated in a few wallets?
Top 10 wallets hold 80% 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.

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On-chain and CoinGecko signals, cited — not financial advice. Always DYOR.