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$GMT price pump 9.85%, 600 million GMT burning plan launched, with a first-day annualized yield of 1200%
Gate News: On November 22nd, BurnGMT.com was officially launched on November 21st, attracting widespread follow. As the 600 million GMT burning plan led by the GMT Ecological Fund, the first day's annualized yield reached approximately 1200%. According to platform data, users can not only participate in governance decisions through Lock-up Position GMT, but also enjoy daily fixed distribution of 1.67 million GMT rewards, with a total reward amount of 100 million GMT. It is reported that the GMT withdrawal function of multiple trading platforms is temporarily suspended, and the large-scale Lock-up Position directly reduces the amount of GMT in circulation in the market, gradually depleting liquidity.
Gate.io data shows that the price of $GMT has pumped 9.85% in the past 24 hours, with the current price at $0.18, a market cap of $535.81M, and 24-hour trading volume of $303.34K.