Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
crypto.news 2025-03-07 10:47:15

GoPlus Security responds to GPS token’s 60% plunge as Binance points to market makers

GoPlus Security responds to GPS token’s 60% plunge as Binance points to market makers

Web3 security firm GoPlus Security has launched an investigation after its token dropped 60% in a single day, noting that it wasn’t informed about the the listing beforehand. GoPlus Security ( GPS ), a web3 firm that says it’s working on the “first decentralized security layer,” is investigation a steep price fall of its native GPS token, which suddenly lost over 65% of its value following listing on cryptocurrency exchange Binance. Because the GoPlus team weren’t informed in advance about the March 4th listing of $GPS . Everything happened rapidly, and our team only learned about the listing when the public announcement was made, after which we immediately worked to cooperate with Binance to facilitate any… — GoPlus Security (@GoPlusSecurity) March 7, 2025 In an X thread on March 7, the firm denied rumors of insider dumping, adding that it wasn’t informed in advance about the listing, which took place on March 4. According to GoPlus Security, the team only learned about the listing when the public announcement was made. In response to the price drop, which saw the token’s value plunge by more than half within 24 hours, the firm has formed an investigation team to explore the cause of the fluctuations. “Everything happened rapidly, and our team only learned about the listing when the public announcement was made, after which we immediately worked to cooperate with Binance to facilitate any additional requirements on our side.” GoPlus Security You might also like: GPS surges nearly 15% after Binance announces airdrop ahead of listing GoPlus Security’s native token, GPS, is designed to be a utility token, enabling users to receive incentives for safeguarding the network by staking GPS to run security nodes or provide security data, as crypto.news explained earlier. In addition to launching its investigation, GoPlus Security also revealed that on the day of the listing, it transferred 500 million GPS tokens to Binance, 300 million of which have already been distributed as rewards for Binance’s BNB HODLer program. The remaining 200 million tokens will be used for future marketing efforts, the firm said. Following the price drop, Binance said it would extend the monitoring tag to include GPS due to a “significant price drop immediately following the spot listing and certain market making behavior of one of GPS’ market makers.” GoPlus Security assured the public that it’s investigating the issue with Binance and will provide further updates as more information becomes available. As of press time, GPS is trading at $0.061, per data from crypto price aggregators. Read more: ‘Stop trying to fake innocence’: Binance founder slammed for mentioning Ronaldinho’s shady token launch

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
130
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.