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Why did the price of GT fall?

GateToken (GT) dropped 2.48% in the past 24 hours, falling more than the overall crypto market, which declined by 1.45%. The main reasons for this include:

  1. Technical weakness – The price fell below an important support level at $17.11 (7-day Simple Moving Average).
  2. Uncertainty around mainnet upgrade – GateChain’s planned upgrade on September 15 (versions v19/v20) brings some risks during the transition.
  3. Selling pressure from airdrops – Recent token giveaways (like UB and MRLN) to GT holders may be encouraging some to sell and take profits.

Deep Dive

1. Technical Breakdown (Negative Signal)

What happened: GT’s price dropped below its 7-day average price ($17.11) and a key pivot point ($16.88). The Relative Strength Index (RSI), which measures momentum, is at 35.94—close to the oversold zone. The price is currently between two important Fibonacci retracement levels: 50% at $17.89 and 78.6% at $17.11.
What this means: This suggests that short-term momentum is weakening. Although the MACD indicator shows a slight positive sign, traders seem cautious about buying above $17 until the upgrade is complete. The next support level is at $16.53, which was a recent low point.

2. Mainnet Upgrade Concerns (Mixed Effects)

What’s happening: On September 15, GateChain will upgrade its network to include Ethereum Cancun-compatible EVM and a new scaling feature called Proto-Danksharding (EIP-4844). This upgrade requires about 5 hours of downtime.
What this means: While this upgrade should improve the network’s performance in the long run, there are short-term risks such as:

3. Airdrop Effects (Negative Pressure)

What’s happening: In August, GateChain distributed 8 airdrops to GT holders, including 3.68 million UB tokens on September 12.
What this means: When people receive free tokens, they often sell them to lock in profits. This selling pressure can also lead some holders to sell their GT tokens after the snapshot dates. This helps explain why GT’s price has fallen 6.53% over the past 30 days, underperforming its modest 0.68% gain over 90 days.

Conclusion

The recent drop in GateToken’s price is due to a combination of technical weakness, caution ahead of the mainnet upgrade, and selling pressure from airdrops, all made worse by a weaker overall crypto market. While the upcoming Cancun upgrade could improve Ethereum compatibility and network scalability in the long term, traders are focused on short-term risks during the upgrade process.

Key point to watch: Will GT hold the $16.53 support level after the upgrade? If it fails, the next resistance to watch is the 200-day Exponential Moving Average at $17.41.


What could affect the price of GT?

The price of GateToken (GT) depends on the growth of the Gate.io exchange, token burns that reduce supply, and market demand influenced by airdrops.

  1. Exchange Growth – As Gate.io adds more services, GT becomes more useful, which is a positive sign.
  2. Token Burns – Burning 1.9 million GT tokens in Q2 2025 reduces supply, which can help increase value.
  3. Airdrops – GT holders get free tokens from new projects, encouraging holding but sometimes causing selling pressure.

Deep Dive

1. Exchange Growth (Positive Impact)

Gate.io’s August 2025 report showed strong growth: derivatives trading hit $746 billion monthly (up nearly 99% from last month), and the platform now has over 37 million registered users. New features like Gate Travel, which lets users book over 1 million hotels with crypto, and Launchpool, where $1.1 billion is staked, make GT more valuable. GT is used for discounts on fees, staking rewards, and voting on platform decisions.

Why it matters: More users and trading mean more demand for GT. If Gate.io keeps growing and stays among the top three derivatives exchanges, GT’s value could rise. However, competition from big players like Binance and OKX is a challenge.

2. Token Burns (Positive Impact)

In Q2 2025, Gate.io burned about 1.9 million GT tokens (worth around $39 million), cutting the total supply by about 60% from the original 300 million cap. These burns happen every quarter, and so far, over $2.74 billion worth of GT has been destroyed (Gate Team).

Why it matters: Burning tokens reduces supply, which can push prices up if demand stays steady. With about 82.3 million GT tokens currently circulating, future burns (the next one expected in October 2025) could make GT’s price more sensitive to how active the exchange is.

3. Airdrops (Mixed Impact)

GT holders recently received free tokens like 222,222 RUNWAGO tokens (September 16, 2025) and 3.6 million Unibase tokens (September 12, 2025). To get these, you need to hold GT, which encourages people to buy and keep the token. However, many recipients sell these airdropped tokens, which can put downward pressure on prices.

Why it matters: Airdrops motivate people to hold GT but can also lead to selling if the new tokens don’t perform well. For example, RUNWAGO has a maximum supply of 100 million tokens and a vesting period that limits how quickly holders can sell, which might reduce immediate selling. Still, the long-term success depends on how well these projects do.

Conclusion

GT’s price will likely follow Gate.io’s user growth and how many tokens are burned. Airdrops add some ups and downs to the price. Keep an eye on the Q3 2025 token burn expected in October and trading volumes on the platform for signs of change.

What’s next? Watch how GateChain’s recent upgrade to support Ethereum-compatible smart contracts (EVM upgrade on September 15, 2025) affects developer activity and GT’s role in paying transaction fees (gas fees).


What are people saying about GT?

The GateToken (GT) community is divided between optimism about token burns and concerns over short-term price drops. Here’s what’s happening:

  1. Token Burns – In Q2 2025, $39 million worth of GT was permanently removed from circulation.
  2. Airdrop Activity – GT holders received WXTM and BOT tokens through Gate.io promotions.
  3. Questions About Usefulness – Some users wonder if GT has value beyond perks on the Gate.io exchange.

In-Depth Look

1. @GT_Protocol: Token Burns Reduce Supply and Increase Scarcity

"GateToken burned 1,922,789 GT ($39M) in Q2 2025, cutting supply by 60% since 2019."
– @GT_Protocol (8.2K followers · 12K impressions · July 7, 2025)
See original post
What this means: This is positive for GT’s long-term value. When fewer tokens are available, the price could rise if demand stays strong.

2. @ScarlettWeb3: Airdrops Encourage Holding GT

"Hyperbot’s BOT airdrop required holding GT or GUSD, leading to more people buying GT temporarily."
– @ScarlettWeb3 (3.1K followers · 7.8K impressions · Sept 3, 2025)
See original post
What this means: This adds short-term value to GT during promotions, but there’s a risk people will sell their tokens after the airdrop ends.

3. @meow5688: GT’s Value Depends on Gate.io’s Success

"GT’s price depends heavily on Gate.io’s growth—if trading volume drops, GT could lose value."
– @meow5688 (42K followers · 218K impressions · Sept 8, 2025)
See original post
What this means: This is a concern if Gate.io faces strong competition. However, recent reports show a 98.9% month-over-month increase in futures trading volume, which is a positive sign (Gate report).

Conclusion

Opinions on GateToken are mixed. Token burns and airdrops support the idea that GT could become scarcer and more valuable, but its heavy reliance on the Gate.io exchange poses risks. The price recently dropped by 3.22% in 24 hours, reflecting some market uncertainty. Keep an eye on the upcoming GateChain v20 upgrade after September 15, 2025. This update will add EVM compatibility, potentially attracting more developers and giving GT more use cases beyond just trading speculation.


What is the latest news about GT?

GateToken (GT) is growing its ecosystem while upgrading its technology, and GT holders are benefiting from airdrop rewards. Here are the key updates:

  1. Mainnet Upgrade (September 15, 2025) – Improved Ethereum compatibility and scalability through the integration of EIP-4844.
  2. August Transparency Report (September 11, 2025) – Record futures trading volume and $1.78 billion in staked assets show growing interest from institutions.
  3. RUNWAGO Airdrop (September 16, 2025) – GT holders received 222,222 tokens from a new Web3 fitness app listing.

In Detail

1. Mainnet Upgrade (September 15, 2025)

What happened?
GateChain updated its network software to versions v19/v20, adding Ethereum’s Cancun EVM upgrade and EIP-4844, also known as Proto-Danksharding. This allows for "blob transactions," which are important for scaling Layer 2 solutions — technologies that help blockchains handle more transactions faster and cheaper. The update also included gas fee optimizations and improved security measures.

Why it matters
This upgrade makes GateChain more compatible with Ethereum, attracting more developers to build decentralized apps (dApps) on the network. That could increase the use of GT as the token used to pay transaction fees (gas). However, the upgrade caused about 5 hours of downtime, temporarily affecting services. (Gate)

2. August Transparency Report (September 11, 2025)

What happened?
Gate.io saw a nearly 99% increase in futures trading volume month-over-month, reaching $746 billion. The total value locked (TVL) in staking hit a record $1.78 billion. GT holders benefited from 30 million GT tokens distributed through 8 airdrops, worth roughly $400 million. The platform’s reserves grew to $12.02 billion, with GT reserves surpassing 100%.

Why it matters
These numbers highlight GT’s deflationary nature—over 60% of its supply has been burned since 2019—and the growing strength of the Gate exchange. Despite this, GT’s price dropped by about 4% during the week, indicating that wider market factors are influencing its value. (Gate)

3. RUNWAGO Airdrop (September 16, 2025)

What happened?
Gate listed RUNWAGO, a Web3 running app that integrates with Garmin devices. GT holders who owned at least 1 GT (up to 1,000 GT) received a share of 222,222 RUNWAGO tokens. This continues Gate’s approach of linking new token listings to GT holder rewards.

Why it matters
Airdrops like this encourage people to hold GT, but if too many tokens are distributed, it can reduce the value of the rewards. RUNWAGO tokens were fully unlocked at distribution, which might put downward pressure on its price after listing. (Gate)

Conclusion

GateToken is expanding through technical improvements, exchange growth, and incentives for GT holders. However, the recent price drop (-3.22% daily) shows some caution in the market. The big question is whether the new EIP-4844 upgrade on GateChain will attract enough developers to boost GT’s value despite broader market challenges.


What is expected in the development of GT?

I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details become available, I should have them soon. In the meantime, please feel free to choose another question or coin for analysis.


What updates are there in the GT code base?

GateToken’s blockchain, GateChain, is getting a major upgrade to improve how it scales and works with Ethereum, the world’s largest smart contract platform.

  1. Mainnet v19 & v20 Upgrade (September 15, 2025) – Adds Ethereum’s latest features and new tech to support faster, Layer 2 transactions.
  2. Q2 2025 Token Burn (July 7, 2025) – 1.9 million GT tokens were permanently removed from circulation to help increase scarcity.
  3. Testnet 3.0 Security Upgrades (May 2020) – Improved security and transaction verification methods were introduced.

Deep Dive

1. Mainnet v19 & v20 Upgrade (September 15, 2025)

What’s happening: GateChain will update its main network to versions v19 and v20, adding new features that make it more compatible with Ethereum and better at handling lots of transactions quickly.

Key improvements include:

Why it matters: These upgrades make GateToken more compatible with Ethereum-based apps, lower transaction costs, and prepare the network for faster, high-volume Layer 2 solutions. Node operators need to update their software by September 15 to keep running smoothly. (Source)

2. Q2 2025 Token Burn (July 7, 2025)

What’s happening: Gate permanently destroyed 1,922,789 GT tokens, worth about $39 million, as part of its plan to reduce the total supply over time.

Why it matters: Token burns like this are routine but important because they reduce the total number of tokens available, which can help increase value over time. Since 2019, over 60% of the original GT supply has been burned, showing GateChain’s commitment to keeping the token scarce. (Source)

3. Testnet 3.0 Security Upgrades (May 2020)

What’s happening: Earlier updates introduced better ways to verify transactions in parallel and added penalties to encourage honest behavior in the network.

Why it matters: Although these changes happened a few years ago, they laid the foundation for GateChain’s current stability and security. The recent mainnet upgrades build on this solid base. (Source)

Conclusion

GateToken is evolving to work better with Ethereum and handle more transactions efficiently, thanks to the Cancun EVM and Proto-Danksharding upgrades. The September 15 update positions GT as a strong player in the growing multi-chain DeFi space. It will be interesting to see how Layer 2 adoption affects GT’s usefulness in 2026.