Gifto (GFT) saw a sudden surge in activity today following recent volatility. The token's pump appears to be driven by speculative trading after a steep sell-off earlier this week, caused by the Gifto team dumping 1.2 billion newly minted tokens onto the market. This move led to a 35% price decline and triggered widespread concern among investors.
Additionally, Binance's announcement to delist GFT on December 6, 2024, created further market uncertainty, pushing traders to exploit short-term opportunities on platforms where GFT remains listed, such as OKX and Gate.io.
While today's pump reflects speculative interest, the token faces challenges, including reduced liquidity and declining investor confidence after the recent token dump.
Disclaimer: This is not financial advice—conduct thorough research before investing in cryptocurrencies.
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