• 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

DMD Diamond Launches DMDv4 Mainnet, Paving the Way for Future Innovations

chest

DMD Diamond has successfully launched its DMDv4 mainnet, introducing a Layer1, EVM-compatible blockchain with enhanced capabilities for developers and users.

user avatarTando Nkube

Stellar Aims for Major Growth in Real-World Asset Tokenization

chest

Stellar (XLM) is focusing on cross-border payment solutions and tokenization of real-world assets, aiming to significantly increase its market presence.

user avatarAyman Ben Youssef

Dollar Steady as Forex Markets Prepare for Economic Data Deluge

chest

The dollar's steady performance indicates market equilibrium as traders await significant economic data releases.

user avatarRajesh Kumar

VeChain Remains a Low-Cost Established Asset

chest

VeChain continues to be one of the lowest-priced established assets available on major exchanges, currently trading at 0.001310.

user avatarSatoshi Nakamura

Noomez NNZ Gains Momentum in Stage 5 of Presale

chest

Noomez NNZ has entered Stage 5 of its presale, attracting significant interest from buyers as the price is set to increase soon.

user avatarJesper Sørensen

Boycott of JPMorgan Called for Amidst Crypto Controversy

chest

Call for a boycott of JPMorgan by market expert Adam Livingston due to tensions with the crypto community.

user avatarLucas Weissmann

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.