{"id":144030,"date":"2024-12-05T21:30:00","date_gmt":"2024-12-05T19:30:00","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144030"},"modified":"2024-12-05T17:12:33","modified_gmt":"2024-12-05T15:12:33","slug":"binance-labs-initiates-significant-altcoin-sell-off","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-labs-initiates-significant-altcoin-sell-off\/","title":{"rendered":"Binance Labs Initiates Significant Altcoin Sell-Off"},"content":{"rendered":"<p>This marks the conclusion of its involvement, following the gradual unlocking of 75 million tokens, valued collectively at $16.05 million. The move has ignited widespread speculation within the crypto community about its potential impact on GMT\u2019s trajectory.<\/p>\n<p>The tokens, acquired at an average price of $0.214, are now in Binance&#8217;s possession, prompting discussions about the exchange&#8217;s next steps. Investors are keenly observing whether Binance will sell, hold, or repurpose the tokens, as such decisions could significantly influence GMT\u2019s market value.<\/p>\n<p>Large-scale <strong><a href=\"https:\/\/etherscan.io\/token\/0xe3c408bd53c31c085a1746af401a4042954ff740?a=0x2e5232d3fa5e5b04467fe3f09dec4d17a330e6c2\">transfers<\/a> <\/strong>like this often signal broader strategic shifts, leaving traders on edge for potential updates.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-trading-hits-record-10-trillion-as-regulatory-optimism-fuels-growth\/\" title=\"Crypto Trading Hits Record $10 Trillion as Regulatory Optimism Fuels Growth\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/18.Practical-Trading-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Trading Hits Record $10 Trillion as Regulatory Optimism Fuels Growth<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>GMT, central to a move-to-earn ecosystem that incentivizes physical activity, has retained a loyal user base. However, the departure of Binance Labs could alter market sentiment.<\/p>\n<p>The community now questions whether this transfer reflects a realignment of Binance Labs\u2019 investment priorities or a pivotal moment for the project. How this will shape GMT\u2019s future remains a critical point of interest in the weeks ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance Labs has officially parted ways with the GMT project, transferring its final $7.29 million worth of GMT tokens to Binance.<\/p>\n","protected":false},"author":9,"featured_media":50712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-144030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Labs Initiates Significant Altcoin Sell-Off<\/title>\n<meta name=\"description\" content=\"Binance Labs has officially parted ways with the GMT project, transferring 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