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Lookonchain’s analysis on the recent GMT unlocking by Stepnofficial

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It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars)

Lookonchains analysis on the recent GMT unlocking by Stepnofficial

It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars) for VC, consultants and teams five hours ago. According to data monitoring, five addresses that received unlock tokens transferred GMT to Binance, totaling 9.67 million GMT (worth about 3.25 million US dollars).

Stepn officially unlocked 61.2 million GMTs for VC, consultants and teams

Analysis based on this information:


Lookonchain, a data monitoring platform, recently released information regarding the unlocking of 61.2 million GMTs by Stepnofficial. According to the report, these GMTs were worth around 20.6 million US dollars and have been unlocked for VC, consultants and teams. The unlocking occurred five hours ago, and Lookonchain has analyzed the data concerning the recipients of the tokens.

The analysis shows that out of the five addresses that received the unlock tokens, four of them transferred GMTs to Binance. The overall total of GMTs transferred to Binance was 9.67 million, worth approximately 3.25 million US dollars. This news is notable because It marks one of the most significant public sales of GMTs to date.

One possible interpretation is that Stepnofficial is redistributing GMTs to various parties to spur development in the project, which may lead to an increase in its overall value. This could be a strategic move on Stepnofficial’s part to ensure the success of the project and gain favor with early investors. In addition, transferring tokens to Binance may indicate the intent to sell the tokens or exchange them for another cryptocurrency. Still, it is possible that there are other reasons behind the transfers that are yet to be revealed.

The report from Lookonchain and the news of the GMT unlocking generally indicate an upward trend with respect to GMT’s value. If indeed Stepnofficial is taking measures to ensure the long-term success of the project, there is potential for significant growth in the future. However, only time will tell whether this trend will continue.

In conclusion, the recent news of Stepnofficial unlocking GMTs for VC, consultants, and teams is a significant development in the world of cryptocurrencies. The transfer of many of these tokens to a popular cryptocurrency exchange like Binance further adds to the intrigue surrounding GMT’s future value. With Lookonchain providing analysis of these events, investors can make informed decisions about whether to invest in the project.

Overall, this news comes as a positive development, and investors are likely to take a keen interest in future news related to GMT and Stepnofficial.

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