Founders of Gifto, a Web3 wallet services provider, have minted an additional 1.2 billion GFT tokens, increasing the total supply to 2.24 billion. This development follows Binance's announcement to delist the GFT token by December 10, 2024. The minting led to a temporary spike in GFT's market capitalization to $20.65 million, which later settled at $13.65 million. Transaction volume surged to $72.34 million, up from $8.6 million on Tuesday. The GFT token price fell to $0.0061 from a high of $0.017, reflecting broader market trends affecting tokens facing delisting.