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Stepnofficial unlocks GMT worth $20.6 million for VC, Consultants and Teams

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It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars)

Stepnofficial unlocks GMT worth $20.6 million for VC, Consultants and Teams

It is reported that according to the monitoring data of Lookonchain, @ Stepnofficial officially unlocked 61.2 million GMTs (worth about 20.6 million US dollars) for VC, consultants and teams five hours ago. According to data monitoring, five addresses that received unlock tokens transferred GMT to Binance, totaling 9.67 million GMT (worth about 3.25 million US dollars).

Stepn officially unlocked 61.2 million GMTs for VC, consultants and teams

Analysis based on this information:


According to Lookonchain, Stepnofficial officially unlocked 61.2 million GMTs, which is worth approximately $20.6 million, to VC, consultants and teams an estimated five hours ago. Upon analyzing the data, it was found that five addresses received the unlock tokens and later forwarded GMT to Binance, a cryptocurrency exchange. The total value of the GMT transferred to Binance adds up to 9.67 million GMT or roughly $3.25 million.

GMT is an abbreviation for Globatalent, a decentralized sports management platform that uses blockchain technology. The platform enables athletes, clubs, and sports organizations to raise funds by selling their sports contracts in exchange for the platform’s native currency, GMT, which can be used to purchase other sports assets within the platform.

It is not clear what specific reason or event led to Stepnofficial unlocking the GMT tokens. Still, VC, consultants and teams hold significant influence and are crucial players in the blockchain and cryptocurrency industry. Therefore, their partnerships and investments can significantly impact the success and adoption rate of blockchain-related projects.

It is also worth noting that transferring the unlocked GMT tokens to Binance suggests that there may be plans to sell the tokens or use them for trading. Binance is known for its extensive trading volume and variety of digital assets available in its platform, which makes it a preferred choice among traders.

This development can have broader implications for the GMT cryptocurrency and the Globatalent platform, as it demonstrates a vital network of partners, investors and stakeholders outside of the platform’s ecosystem. The act of unlocking such a significant amount of GMT tokens is also an indication of confidence in the platform’s potential growth and its ability to attract further investment and partnerships.

In conclusion, the data provided by Lookonchain indicates that Stepnofficial unlocked 61.2 million GMT tokens worth $20.6 million for VC, consultants, and teams. The transfer of a significant portion of these tokens to Binance suggests intentions for selling and trading. The act of unlocking tokens demonstrates confidence in GMT’s future and its capacity to attract more investment and engagement.

Keyword: GMT, Lookonchain, Stepnofficial, unlocked, Binance.

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