GPS Token Sees 11.72% Drop Amid Trading Pair Changes and Volume Surge, Signals Bearish Shift

GoPlus Security (GPSUSDT) experienced notable price volatility in the past 24 hours, with the current price on Binance reported at $0.01122, marking an 11.72% decline from the 24h open of $0.01271. This decrease can be attributed to heightened trading activity and market repositioning following the removal of the GPS/BNB spot trading pair on Binance, as well as the launch of GPS/USDT perpetual contracts on HTX which enabled leveraged trading and increased speculative movement. Technical indicators, including a negative MACD and an RSI near 42, suggested prevailing bearish sentiment, while short liquidations at specific price points further contributed to downside pressure.

Despite the price drop, GPSUSDT demonstrated significant trading volume fluctuations, with recent 24-hour volumes ranging from $92 million to $117 million and a notable surge reported by CoinGecko. Market capitalization estimates varied between $30.92 million and $66.89 million, with a circulating supply around 4.22–4.4 billion GPS tokens. GoPlus Security remains actively traded on major exchanges, with GPS/USDT being the leading pair on Binance.