This Altcoin in Binance Established a Partnership with Adidas, “Pump and Dump” Happened!

STEPN (GMT) lost all the gains it experienced after the Adidas partnership announcement in a short time.

STEPN (GMT), an altcoin listed on the giant cryptocurrency exchange Binance, recently announced a partnership with Adidas. In line with this partnership, STEPN and Adidas will launch a 1,000-piece NFT collection called “Genesis Sneakers”.

Although GMT, a "move - earn" cryptocurrency, made a jump of nearly 5% with this partnership announcement, it lost all its rise as the minutes progressed.

STEPN included the following information in the announcement text about the Adidas partnership shared on its official X/Twitter account:

“We are proud to announce that we will be working with Adidas on a long-term collaboration to revolutionize the lifestyle app ecosystem and drive global adoption of the FSL Web3 Ecosystem.

This groundbreaking partnership will include multiple activations aimed at providing our community with a complete experience.

1,000 co-branded Genesis Sneaker NFTs

Special benefits for owners

And many more will be announced soon

Our collaboration goes beyond NFTs to deliver digital assets that inspire a healthier, more active lifestyle. We not only dream of a new future with Adidas by our side; “We are building it.”

Stay tuned for updates.