Gifto (GFT), the native cryptocurrency of its namesake Web3 protocol, surprised the market with a sharp rise despite a delisting announcement from Binance.
GFT's Sharp Price Rise
On Friday's trading session, GFT experienced a sharp price increase, surging by 181% to a high of $0.015191, after hitting a daily low of $0.007070 earlier.
Binance Delisting and Aftermath
Despite positive price movement, market sentiment remained uncertain following Binance's announcement of GFT's delisting. GFT was among several tokens, including IRIS, KEY, OAX, and REN, set for removal from the platform.
Market Impact and Questions
The unexpected rise of GFT sparked interest concerning the role of market makers in its trading. Questions remain about how these factors contributed to such significant volatility.
While GFT experienced significant growth, its market position remains uncertain in light of the delisting from a leading cryptocurrency exchange.
