Following a flurry of reports detailing significant purchases by whales, the trading volume of $GMT has skyrocketed by over 500%, propelling its price upwards by more than 24% in the past week.
On-chain reports have now shed light on a specific address, 0xc7e…01c77, which recently transferred a substantial 47.16 million $GMT to Binance, valued at approximately $16.01 million.
Over the course of the last five days, this particular address has orchestrated transfers totaling 133 million GMT from Binance, amounting to a staggering $44.06 million. Notably, the average transfer price stood at $0.33, resulting in a current profit of $920,000.
More Whale Wallets Accumulates More $GMT Tokens
An additional address, 0x8A6…7f7a7, has also been identified as accumulating 12.82 million GMT, equating to $3.9 million, within the same five-day period. These developments suggest the presence of large-scale investors actively amassing funds, further fueling speculation within the market.
The recent surge in GMT’s price, coupled with heightened trading activity, underscores the growing interest and momentum surrounding the token. As of now, GMT has witnessed an impressive 24% increase in value over the past seven days, with its current price standing at $0.3511.
The influx of whales and their strategic maneuvers within the $GMT ecosystem continue to shape the trajectory of the token, signaling an exciting period of volatility and potential growth for investors.
With market dynamics evolving rapidly, stakeholders remain vigilant, closely monitoring these developments for insights into future market movements and investment opportunities.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.