Binance Labs has transferred its remaining $7.29 million worth of GMT crypto tokens to Binance, marking the end of its involvement with the project. This follows the unlocking of 75 million tokens over time, valued at $16.05 million. The transfer has raised questions in the crypto community about its impact on the token’s future.
With this move, traders and investors are now speculating on how the shift in holdings might affect GMT’s price and the growth prospects.
Binance Labs Transfers 30 Million GMT Tokens, Sparking Speculation
Binance Labs has transferred its remaining 30 million GMT tokens to Binance, marking the end of its involvement with the project. According to Etherscan, Binance Labs had obtained a total of 75 million GMT tokens through vesting and unlocking. These tokens were purchased at an average price of $0.214, with a total value of $16.05 million. This large-scale transfer has raised many questions within the crypto community.
Now that the tokens are with Binance
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