1. Introduction to GMT Token

Figure:https://www.stepn.com/

Green Metaverse Token (GMT) is the governance token issued by the STEPN platform, with a total supply limit of 600 million tokens. It is primarily used for voting governance, locked staking mining, and certain ecological incentives, and together with the inflationary GST (Green Satoshi Token), it forms the STEPN economic system.

• Issuance mechanism: on-chain minting, reserving shares for the governance community fund, team, and early investors, with the remainder continuously released through community airdrops and staking rewards.
• Core value: Participate in ecological governance, enjoy staking rewards, and be pledged and recovered in projects such as NFT raffles and limited edition peripheral sales.

2. Current Market Conditions and Price Data

Figure:https://www.gate.com/trade/GMT_USDT

As of July 4, 2025, the latest price of GMT is approximately $0.0453, with a 24-hour trading volume of about $19.83 million and a circulating market cap of around $132 million. The price has accumulated a 6% increase over the past 7 days, with a monthly volatility of nearly 12%. Recently, the price has slightly adjusted, but the long-term trend continues to show an upward movement.

3. Reasons Behind Price Fluctuations

3.1 Overall Market Sentiment

In early July, Bitcoin and Ethereum continued to hit new phase highs, market risk appetite increased, and the altcoin sector was generally active. GMT, as a popular governance token, strengthened alongside mainstream assets.

3.2 STEPN GO Growth Plan

STEPN officially launched the “STEPN GO Growth Plan” at the end of June, inviting core users to test a new social walking and earning gameplay. Participants can not only receive GMT airdrops but also exchange for limited edition physical merchandise, which effectively stimulates community activity and token demand.

3.3 Adidas NFT Collaboration

Recently, STEPN and Adidas jointly launched a limited NFT sneaker project for the Argentina national team, issuing a total of 1,000 pairs. Participants must first stake 10,000 GMT to enter the lottery. Some tokens are being repurchased and locked, which compresses the circulating supply in the short term while increasing the project’s visibility.

4. Technical Analysis and Key Support and Resistance

• Key support level: around $0.042, tested multiple times without breaking.
• Short-term resistance level: the range of $0.048 to $0.050. If this range is broken, there is hope to attack $0.055.
• Volume: When pulling back, the volume increases, and the decline is limited, indicating that buying pressure remains strong.

5. Market Outlook and Strategy Recommendations

• Entry range: If it retraces to $0.042–$0.044, consider entering in batches.
• Buying opportunity: After the price stabilizes above $0.050, you can continue to position at $0.052–$0.055.
• Risk control: set a stop loss of 5-8%, strictly control position ratio, and do not chase highs.

Conclusion:

For beginners, the GMT Token has a clear supply and demand logic and ecological support. By combining appropriate entry and stop-loss strategies, one can participate in governance token opportunities within a controllable risk range.