GMT Token Rises 2.43% as Legendary Sneaker Auction and Token Unlock Boost Market Activity

GMTUSDT has experienced a 2.43% price increase over the last 24 hours, with the current price on Binance at $0.01263, up from a 24h open of $0.01233. This upward movement is attributed to recent developments including the token unlock on February 9 that added 67.75 million GMT to the circulating supply and increased trading activity following the Legendary Sneaker Auction held by STEPN on BNB Chain on February 13. Technical indicators suggest ongoing consolidation and a constructive bullish structure, with price holding above short- and mid-term moving averages and momentum building after the formation of a higher low. Despite these positive technical signs, market sentiment remains mixed with high uncertainty reflected in the Fear & Greed Index. GMT currently trades with a market capitalization of approximately $40.56 million, a circulating supply between 3.11 billion and 3.46 billion tokens, and 24-hour trading volume reported around $8.6 million.