• 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

iotraderio Introduces Innovative Features for Enhanced Trading Experience

chest

iotraderio has introduced innovative features to enhance the trading experience, including non-custodial security, real-time sentiment data, and advanced risk management tools.

user avatarLuis Flores

iotraderio Launches a New Era in Cryptocurrency Trading

chest

iotraderio has officially launched, merging the concepts of prediction markets and leveraged trading, allowing users to trade futures with up to 100x leverage.

user avatarMaria Gutierrez

Apeing Prepares for Presale with Audit Focus

chest

Apeing, a new meme coin, is set to launch its presale after completing an audit, aiming to ensure safety and community engagement.

user avatarArif Mukhtar

Stricter Penalties for Crypto Exchanges Proposed in South Korea

chest

South Korean lawmakers are debating stricter penalties for virtual asset exchanges, with proposed fines reaching up to 3% of sales revenue.

user avatarAndrew Smith

South Korea Targets Virtual Asset Exchanges with No-Fault Liability Legislation

chest

The Financial Services Commission of South Korea is considering legislation to impose no-fault liability on virtual asset operators for damages from hacking incidents, aiming to enhance accountability and user protection in the crypto sector.

user avatarDavid Robinson

Bonk (BONK) Experiences Significant Price Surge

chest

Bonk (BONK) is leading the market today with a sharp 7% increase, trading around 0.0000009711. This rally is attributed to a combination of social hype, structural improvements within the BONK ecosystem, and renewed trader interest following significant on-chain movements.

user avatarJacob Williams

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.