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🚨🚨Binance Lab dumps 30Millions.....GMT token worth Millions..,Now What price go up📈 or..📉
December 5, 2024
Binance Labs Dumps This Crypto Token Worth Millions
Highlights
Binance Labs offloads 30 million GMT tokens worth $7.29 million to Binance.
75 million GMT tokens were unlocked and transferred by Binance Labs at an average price of $0.214.
GMT’s price at $0.2563, down 5% in 24 hours, up 26% weekly.
Binance Labs has transferred its remaining $7.29 million worth of GMT crypto tokens to Binance, marking the end of its involvement with the project. This follows the unlocking of 75 million tokens over time, valued at $16.05 million. The transfer has raised questions in the crypto community about its impact on the token’s future.
With this move, traders and investors are now speculating on how the shift in holdings might affect GMT’s price and the growth prospects.
👉👉Binance Labs Transfers 30 Million GMT Tokens, Sparking Speculation
Binance Labs has transferred its remaining 30 million GMT tokens to Binance, marking the end of its involvement with the project. According to Etherscan, Binance Labs had obtained a total of 75 million GMT tokens through vesting and unlocking. These tokens were purchased at an average price of $0.214, with a total value of $16.05 million. This large-scale transfer has raised many questions within the crypto community.
Now that the tokens are with Binance one of the top crypto exchanges, speculation is growing about what the exchange will do next. The big question is whether Binance will sell or hold the tokens. This decision could have a major impact on the token’s price. Large transfers like this often signal strategic moves behind the scenes, so traders are watching closely for any signs of upcoming changes.
This move has also sparked debates about the future of the project. GMT plays a central role in the platform’s move-to-earn ecosystem. It encourages users to engage in physical activity by earning tokens. While it still has strong community support, the shift in Binance Labs’ involvement could affect market sentiment and long-term prospects. Over the coming weeks, we will see if this transfer is part of Binance Labs’ broader investment strategy or if it signals a significant shift for the project.
Crypto Token’s Price and Potential Future Outlook
At the time of transfer, GMT was priced at approximately $0.214 per token, reflecting a slight dip from its previous price point. As of now, the price is trading at $0.2193, with a 8% decline in the past 24 hours. The token’s 24-hour low and high stand at $0.2038 and $0.2633, respectively. Despite the recent drop, the has seen impressive gains, up by 26% in the past week and 112% in the last month. It currently holds a market cap of $582 million, with a 24-hour trading volume of $132 million.
Don't go for this hype...
GMT’s price is often influenced by the broader sentiment surrounding the project, which encourages users to earn tokens through physical activity. Moving forward, GMT’s future price will largely depend on the community’s ability to sustain engagement with the move-to-earn platform. Its success will also depend on how well the project implements features like staking and burn mechanisms to manage token supply.
Within the ecosystem, GMT serves multiple functions. It is used for governance, staking, and purchasing in-game items like sneaker NFTs. The burn mechanism and active community involvement have helped sustain its market presence. However, the large offload by Binance Labs may signal a shift in the token’s lifecycle.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial
Potential Targets for your Action:
1. $0.2200 – Immediate resistance; breaking this signals continued bullish momentum.
2. $0.2400 – Psychological target; clearing this level could attract fresh buyers.
3. $0.2500 – Key resistance; achieving this would mark a significant rally.
⚠️ Support Levels: Holding above $0.0210is essential to sustain the uptrend. A drop below this could test $0.01974.
💡 Market Insight: $GMT is showing strong momentum with increasing volume, signaling potential for further gains. Keep an eye on $0.0214 as a breakout could confirm bullish intent. Manage your trades cautiously during this volatile period!
.
Always do spot trade with a high amount more than amount of any coin, why because if the price is going up you can make some gains and you all have to pay gas fees transac fees from your gains not from your deposits..
GOOD LUCK GUYS👍👍
$GMT #BURNGMT #BinanceHODLerMOVE
$BTC
Binance Labs Dumps This Crypto Token Worth Millions
Highlights
Binance Labs offloads 30 million GMT tokens worth $7.29 million to Binance.
75 million GMT tokens were unlocked and transferred by Binance Labs at an average price of $0.214.
GMT’s price at $0.2563, down 5% in 24 hours, up 26% weekly.
Binance Labs has transferred its remaining $7.29 million worth of GMT crypto tokens to Binance, marking the end of its involvement with the project. This follows the unlocking of 75 million tokens over time, valued at $16.05 million. The transfer has raised questions in the crypto community about its impact on the token’s future.
With this move, traders and investors are now speculating on how the shift in holdings might affect GMT’s price and the growth prospects.
👉👉Binance Labs Transfers 30 Million GMT Tokens, Sparking Speculation
Binance Labs has transferred its remaining 30 million GMT tokens to Binance, marking the end of its involvement with the project. According to Etherscan, Binance Labs had obtained a total of 75 million GMT tokens through vesting and unlocking. These tokens were purchased at an average price of $0.214, with a total value of $16.05 million. This large-scale transfer has raised many questions within the crypto community.
Now that the tokens are with Binance one of the top crypto exchanges, speculation is growing about what the exchange will do next. The big question is whether Binance will sell or hold the tokens. This decision could have a major impact on the token’s price. Large transfers like this often signal strategic moves behind the scenes, so traders are watching closely for any signs of upcoming changes.
This move has also sparked debates about the future of the project. GMT plays a central role in the platform’s move-to-earn ecosystem. It encourages users to engage in physical activity by earning tokens. While it still has strong community support, the shift in Binance Labs’ involvement could affect market sentiment and long-term prospects. Over the coming weeks, we will see if this transfer is part of Binance Labs’ broader investment strategy or if it signals a significant shift for the project.
Crypto Token’s Price and Potential Future Outlook
At the time of transfer, GMT was priced at approximately $0.214 per token, reflecting a slight dip from its previous price point. As of now, the price is trading at $0.2193, with a 8% decline in the past 24 hours. The token’s 24-hour low and high stand at $0.2038 and $0.2633, respectively. Despite the recent drop, the has seen impressive gains, up by 26% in the past week and 112% in the last month. It currently holds a market cap of $582 million, with a 24-hour trading volume of $132 million.
Don't go for this hype...
GMT’s price is often influenced by the broader sentiment surrounding the project, which encourages users to earn tokens through physical activity. Moving forward, GMT’s future price will largely depend on the community’s ability to sustain engagement with the move-to-earn platform. Its success will also depend on how well the project implements features like staking and burn mechanisms to manage token supply.
Within the ecosystem, GMT serves multiple functions. It is used for governance, staking, and purchasing in-game items like sneaker NFTs. The burn mechanism and active community involvement have helped sustain its market presence. However, the large offload by Binance Labs may signal a shift in the token’s lifecycle.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial
Potential Targets for your Action:
1. $0.2200 – Immediate resistance; breaking this signals continued bullish momentum.
2. $0.2400 – Psychological target; clearing this level could attract fresh buyers.
3. $0.2500 – Key resistance; achieving this would mark a significant rally.
⚠️ Support Levels: Holding above $0.0210is essential to sustain the uptrend. A drop below this could test $0.01974.
💡 Market Insight: $GMT is showing strong momentum with increasing volume, signaling potential for further gains. Keep an eye on $0.0214 as a breakout could confirm bullish intent. Manage your trades cautiously during this volatile period!
.
Always do spot trade with a high amount more than amount of any coin, why because if the price is going up you can make some gains and you all have to pay gas fees transac fees from your gains not from your deposits..
GOOD LUCK GUYS👍👍
$GMT #BURNGMT #BinanceHODLerMOVE
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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