According to PANews, the GFT token of the Web3 virtual gift platform Gifto has experienced a significant increase in value. Data from Coingecko indicates that the GFT token has surged by more than 60% in the past 24 hours and has risen over 110% in the past week. As of now, the token is priced at $0.0499.

In February of last year, Gifto's founder, Andy Tian, passed away unexpectedly due to a sudden illness on February 6.