In a surprising move, developers of this altcoin, known as GMT, have unlocked a significant amount of altcoins. A whopping 79.203 million GMT tokens were released earlier today, valued at around $15.9 million. These unlocked tokens have been transferred to a multi-signature address, with the possibility of further distribution and potential transfers to popular exchanges like Binance.
The recipient wallet, which received the tokens after unlocking, currently holds GMT tokens worth $18.53 million. GMT was once a prominent altcoin during the “move-win” trend and reached a peak market cap of $2.28 billion. However, it has since dropped significantly and currently has a market cap of $427 million, trading at 95% lower than its highest level.
It’s important to note that this information is for reference only and not intended as investment advice.