The GMT fund-raising address has made a notable move after a four-month hiatus. Between March 25 and March 29, this address transferred $74.71 million worth of GMT from Binance, representing 11.63% of the total circulating tokens at that time.

This action propelled the coin’s price up by 34%, from $0.2989 to $0.4006, marking its highest peak in nearly a year.

GMT Accumulation Address Has Distributed 215 Million Tokens To Many Addresses 

In recent months, the accumulation address has distributed 215 million tokens across numerous addresses. Among these, address 0x730…2a1671 received the largest share. Just nine hours ago, this address deposited 25.58 million GMT back into Binance, valued at $3.44 million. This significant deposit comes after four months of inactivity.

The strategic movements of the $GMT fund-raising address continue to shape the market dynamics, demonstrating its substantial influence on the token’s price and distribution. As these large transactions unfold, the market watches closely, anticipating further impacts on $GMT’s valuation and stability.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!