• 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

ZKP Crypto's Daily Auction System Simplifies Token Participation

chest

The daily auction model allows contributors to participate without pressure, ensuring equal access to tokens.

user avatarMiguel Rodriguez

SUBBD Targets Creators with AI-Powered Features

chest

SUBBD is positioning itself as a creator-first asset, blending AI tools with exclusive access and rewards.

user avatarRajesh Kumar

Tezos Demonstrates Remarkable Governance Stability Amid Market Uncertainty

chest

Tezos continues its on-chain governance model without interruption, showcasing operational continuity amid market volatility.

user avatarLuis Flores

Celestia's Groundbreaking Modular Design Maintains Relevance

chest

Celestia's modular blockchain framework continues to be referenced in ecosystem discussions despite controlled price movement.

user avatarArif Mukhtar

Qubic Gains Visibility with Exceptional Computational Focus

chest

Qubic has continued to draw attention due to its compute-oriented architecture and experimental design, with network discussions focusing on its processing framework rather than short-term price behavior.

user avatarMaria Gutierrez

Japan to Cut Crypto Tax Rate from 55% to 20% in 2026

chest

Japan plans to reduce the tax rate on cryptocurrency income from 55% to 20% in 2026.

user avatarDavid Robinson

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.