GateToken, the native crypto of the Gate.io exchange, has reached a new all-time high despite rumors of a potential security breach circulating on social media. According to CryptoSlate’s data, the token reached $13.79 before slightly retreating to $13.29 at the time of reporting. As the exchange’s utility token, it provides benefits such as trading fee discounts, governance participation, and access to token sales within its ecosystem.
The spike followed the exchange’s swift dismissal of the hacking claims. Gate.io confirmed that all services, including deposits, withdrawals, and trading, remain fully operational. It stated, “The Gate.io security team has not detected any abnormalities, nor have any security agencies reported issues.
Deposits, withdrawals, and trading are functioning normally. Please do not believe rumors!” Gate.io ranks among the top 20 crypto exchanges globally and facilitated nearly $7 billion in trading volume and listed over 3,100 tokens in the last 24 hours alone.
Source
<p>The post GateToken Surges to New ATH Amid Hacking Rumors on Social Media first appeared on CoinBuzzFeed.</p>