STEPN: With continued player apathy, here is how the GMT and GST tokens are faring

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In the last two quarters, STEPN, the popular move-to-earn project, has had to deal with regulatory sanctions, DDOS attacks, a downturn in the general cryptocurrency market, and a general decline in interest in play-to-earn games. According to data from Dune Analytics, in the last two months alone, the index for the active players on the […]

In the thick of the bear market at beginning of June, the GMT token marked its spot at the $1.18 price index. As the bear cycle intensified, the price per GMT token proceeded to register a low of $0.55 on 13 June. This was followed by a temporal bullish correction that forced the token’s price to touch a high of $1.08 on 26 June. Standing at $0.8893 at press time, the GMT token since logged a 17% decline in price.

Additionally, the token also recorded a 4% decline in the last 24 hours. Currently trading at its March level, the token is 78.42% away from its all-time high.On the other hand, with no relief at any point, the last 45 days were marked by a decline in the price of the GST-SOL token. According to data from CoinMarketCap, the price of the GST-SOL token was pegged at $1.15 at the beginning of June. Trading at $0.08306 at press time, a 92% decline was recorded.

The GST-SOL token did not fare any better on the chain. On a social front, its social dominance saw an 83% decline in the last 45 days. Its social volume also registered a 90% drop in the same period. With regards to the percentage supply of GMT tokens held by whales, the metric witnessed a drop by 7%.Subscribe to get it daily in your inbox.

 

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