• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Labs Sells Large Amount in Stepn (GMT) Cryptocurrency, Impact on Price

user avatar

by Giorgi Kostiuk

2 years ago

Binance Labs, the investment branch of Binance, has been involved in various cryptocurrency projects, including Stepn (GMT) altcoin. Recent data shows that Binance Labs made a significant sale of GMT, transferring 9.33 million GMT (equivalent to $3.14 million) to Binance.

Spot on Chain's report reveals that Binance Labs had previously deposited 37.1 million GMT at $0.24 and followed with 28.1 million GMT at $0.23. As of now, Binance still holds 9 million GMT, valued at $3.04 million.

After the sale by Binance Labs, the price of GMT started to increase gradually. However, this does not guarantee a continuous rise following the sale.

As of the latest data, GMT price has dropped by 9.4% in the past 24 hours due to Binance's transaction and the general market decline. Currently, GMT is being traded at $0.326.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Analyst Predicts XRP Price Bottom: Here's the Price Target

chest

CryptoBull2020 predicts XRP may find a bottom at 155 during the current market correction, emphasizing it's not a bear market. He suggests Bitcoin could bottom at 75,500 and Ethereum at 2,100, advising investors to stay strong and avoid panic selling.

user avatarDavid Robinson

Market Sentiment Shifts as Fear Levels Approach a Turning Point

chest

The Crypto Fear and Greed Index indicates a shift from extreme fear to a more neutral sentiment in the cryptocurrency market.

user avatarMaria Gutierrez

Charlie Charity Initiative: Real Help, Real Impact

chest

The Charlie community is making a difference through its charity initiative, contributing directly to animal shelters and rescue missions around the world.

user avatarJacob Williams

Charlie: The Unique Meme Coin with a Mission

chest

Charlie: The Unique Meme Coin with a Mission

user avatarAndrew Smith

Macroeconomic Indicators Suggest Potential Liquidity Infusion for Bitcoin

chest

Macroeconomic indicators, particularly the NFCI, are trending downward, historically leading Bitcoin rallies.

user avatarZainab Kamara

The Evolution of DYOR in Crypto Culture

chest

The phrase DYOR has transformed from a cautionary advice to a shield for bad actors in the crypto market.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.