Altcoin Price Is Destroying With Selling Pressure After 74 Million Token Opening!

A massive unlocking has occurred in the popular move to earn game StepN, whose parent company is Find Satoshi Lab.

The most popular of a time blockchain game StepN’s local cryptocurrency at GMT on January 8 30.24 million dollar worth 79.2 million token’s lock expansion took place. According to data from on-chain analytics platform Arkham Intelligence, GMTs most to 4 addresses transferred.

Distribution was then carried out twice with the transferred GMTs. GMT Most of the receiving addresses send tokens directly to the world’s largest cryptocurrency exchange to Binance deposited.

Another on-chain analytics platform Addressing the same issue on Lookonchain GMT He emphasized that investors carry it to the stock exchanges.

Altcoin price has fallen

GMT, despite the huge rise in Bitcoin price in the last 24 hours, according to CoinGecko data. $0.392 from levels 15% drop with to $0.337 decreased by .

It is thought that when GMTs were sent to the stock exchanges, investors became uneasy and they also sold. GMT, at the time of writing from $0.3379 finds buyers.


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