Solana-Based GMT Tokens Surge 54%, ZIL Sees $13M in Liquidations

“The growth in GMT is notably a function of the value the StepN application offers, which has to a very large extent continued to intrigue investors,” explained Alexander Mamasidikov, co-founder of digital bank MinePlex, in an email to CoinDesk. “The demand for the GMT token is on the rise as users of the app need to burn these tokens in order to gain access to mint high-quality merchandise like Virtual NFT Sneakers which are used to walk, jog, or run in a bid to earn GST tokens.”