The post GT Surges as Gate Transfers $63.88 Million Worth of Tokens for Potential Burn Confirmation appeared on BitcoinEthereumNews.com.

In a significant development on March 6th, COINOTAG News reported a substantial transaction involving Gate’s hot wallet, which transferred 2,904,885 GT tokens to the address 0x2b8…5f308. This transfer, valued at approximately 63.88 million US dollars, aligns with the third-quarter official burn record. Should the burn be confirmed, the total GT burn would rise to 177 million tokens, corresponding to around 3.9 billion US dollars. As of now, Gate has yet to publish details regarding the fourth-quarter burn, which is essential for accurate investment assessments. Meanwhile, the news has positively impacted GT’s market performance, allowing it to reach a temporary peak of $22.215 before stabilizing at $22.183. Investors are advised to monitor developments closely as official announcements from Gate could influence market dynamics. Source: https://en.coinotag.com/breakingnews/gt-surges-as-gate-transfers-63-88-million-worth-of-tokens-for-potential-burn-confirmation/

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Filed under: News - @ March 6, 2025 4:18 am