STEPN is suspected of repurchasing the ecological token GMT, or it may indicate future strategic deployment.
According to the latest monitoring of on-chain data, on November 8th, the $GMT team only released 18 million GMT tokens from the ecosystem in this month's regular unlock, and no tokens held by the team, investors and advisors were distributed. There are reports that the $GMT team has repurchased all unlocked investor tokens. If this news is true, this buyback will involve up to 600 million total GMTs, which may indicate an upcoming major strategic action.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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