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Why did the price of GT fall?

GateToken (GT) dropped 2.16% in the last 24 hours, underperforming the overall crypto market, which rose by 0.47%. The main reasons behind this decline are:

  1. Profit-taking after a major launch – Traders sold off GT following the high-profile debut of Gate Perp DEX on September 29.
  2. Technical resistance levels – GT’s price hit a key Fibonacci level at $16.91 and faced bearish signals from technical indicators.
  3. Token unlock pressure – A large token release on September 26, worth about $110 million, added selling pressure.

In-Depth Analysis

1. Profit-Taking After Launch (Negative Impact)

Summary:
Gate Perp DEX, a decentralized platform for trading derivatives, launched on September 29. It offered incentives like up to 500 GT tokens as airdrops per user. Despite positive expectations, GT’s price fell 2.16% the following day, likely because traders sold their tokens to lock in profits (Gate announcement).

What this means:
When a new product launches, it often creates excitement that leads to short-term selling as investors take profits. GT’s trading volume increased by 1.89% to $10 million, indicating active selling rather than new buying interest.

What to watch:
If GT continues to be useful within Gate Perp DEX—such as for staking or getting discounts on fees—it could help stabilize the price after this initial drop.

2. Technical Resistance and Weak Momentum (Negative Impact)

Summary:
GT’s price is struggling to break above the 23.6% Fibonacci retracement level at $16.91. Technical indicators like the MACD histogram (-0.019) and RSI (50.82) suggest the momentum is neutral to bearish.

What this means:
Traders are cautious around $16.91, a price point that has stopped rallies twice in September. The 30-day moving average at $16.75 also acts as resistance, while support levels are between $15.80 and $16.20 (technical analysis).

What to watch:
If GT falls below $16.20, it could trigger stop-loss orders, pushing the price down toward $15.80.

3. Token Unlock Effects (Mixed Impact)

Summary:
On September 26, about 0.67% of GT’s total supply was unlocked, worth roughly $110 million. While this event didn’t directly cause the price drop, token unlocks often lead to selling as holders diversify their assets.

What this means:
The circulating supply of GT increased to 82.37 million tokens, or 27.46% of the total supply, which reduces scarcity. However, GT’s deflationary model—where 60.18% of tokens have been burned since 2019—helps limit long-term inflation risks.

Conclusion

GT’s recent price drop is mainly due to profit-taking after the Gate Perp DEX launch, technical resistance levels, and the impact of token unlocking. While the new platform could increase GT’s usefulness over time, short-term market sentiment remains cautious.

Key point to watch: Will GT hold the $16.20 support level, or will sellers push it down to $15.80? Keep an eye on trading volumes and how widely GT is adopted within the Gate Layer ecosystem for clues on future price direction.


What could affect the price of GT?

GateToken (GT) is making a strategic move into Web3 with several factors that could either help or challenge its growth.

  1. Gate Perp DEX Launch – A public beta with rewards up to 500 GT running through October 22 may increase short-term interest.
  2. GT Tokenomics Upgrade – Burning 60% of the supply and using GT for Layer 2 transaction fees could make the token scarcer, though adoption risks remain.
  3. Technical Outlook – Mixed signals around the $16.20 support level, with momentum indicators suggesting the price may stabilize for now.

In-Depth Look

1. Gate Perp DEX Adoption (Positive Potential)

What’s happening:
Gate has introduced a new decentralized perpetual exchange called Gate Perp DEX. It allows traders to use up to 125x leverage and uses GT as a key token for fees and utilities. The platform is in public beta until October 22, 2025, offering token rewards to early users, which could boost demand for GT in the short term.

Why it matters:
This DEX connects Gate’s large user base (over 39 million) to a huge derivatives market worth $1.45 trillion. If trading volume shifts from Gate’s centralized exchange to this new decentralized platform, it could increase GT’s token burn rate (1.92 million tokens burned in Q2 2025) and overall usage. However, the platform’s success depends heavily on having enough liquidity—meaning enough buyers and sellers—which is a key risk if adoption is slow.

2. Layer 2 Ecosystem Growth (Mixed Outlook)

What’s happening:
Gate Layer, a Layer 2 blockchain built on the OP Stack, launched on September 25. GT is used here to pay transaction fees and for staking. With over 60% of GT’s total supply already burned, the token’s deflationary nature is stronger, but the Layer 2 network still needs to prove it can attract users and developers.

Why it matters:
Expanding GT’s use as a gas token (for transaction fees) beyond just exchange perks could reduce the pressure to sell the token. But Gate Layer faces stiff competition from other Layer 2 solutions like Base and opBNB, which already have more developer activity. Gate’s success will depend on attracting projects to its tools like Perp, Gate Fun, and Meme Go—a challenging task given how crowded the Layer 2 space is, especially on Ethereum.

3. Technical and Market Factors (Neutral to Slightly Bearish)

What’s happening:
As of September 30, 2025, GT is trading around $16.64, close to its 30-day average price of $16.75. The Relative Strength Index (RSI) is about 50.8, indicating neither strong buying nor selling momentum. There is resistance near $16.91, and the overall crypto market growth is slowing, with a weekly increase of just 0.21%.

Why it matters:
If GT can break above $16.91, it might reach $18.20 based on technical analysis. But if it falls below the $16.20 support level, the price could drop to $15.51. Broader market factors like Bitcoin’s dominance at 58.12% and a neutral altcoin season index (63) suggest GT may struggle to gain momentum on its own without a stronger overall market.

Conclusion

GT’s future price depends on how well it can grow its Layer 2 ecosystem amid tough competition and uncertain market conditions. The Gate Perp DEX beta and the token’s deflationary features provide reasons for optimism, but technical resistance and cautious market sentiment limit the upside. Keep an eye on GT’s trading activity on Gate Layer through the end of October to see if its increased utility leads to lasting demand or if interest fades after the airdrop rewards end.


What are people saying about GT?

GateToken’s recent upgrades are fueling excitement around its role in the Web3 space. Here’s what’s happening:

  1. The launch of Gate Layer L2 boosts GateToken’s (GT) utility and potential use cases.
  2. Burning 60% of the total supply draws comparisons to Binance Coin’s (BNB) deflation strategy.
  3. The price holding around $16.20 is a key test for traders amid uncertain market conditions.

In-Depth Look

1. Gate Layer Launch & GT Utility Expansion – Positive Outlook

According to @GateWeb3_HQ, GateToken is now the exclusive gas token on the new Gate Layer L2 network, which is designed to be an open ecosystem centered on Web3 principles.
See original post
What this means: This is a positive development for GT. It’s moving beyond just being a token used on an exchange to becoming the currency that powers transactions (gas fees) on a faster, more scalable Layer 2 blockchain. With over 5,700 transactions per second (TPS) and compatibility with Ethereum’s smart contracts (EVM), it could attract more developers and users.

2. GT Burns & Comparisons to BNB – Mixed Views

Crypto analyst @ningfan_a points out that GateToken’s quarterly token burns are creating real scarcity, similar to Binance Coin’s deflationary model. However, the success depends on how widely the ecosystem is adopted.
See original post
What this means: There’s a mixed sentiment here. Since 2019, 60% of GT’s supply has been burned (source), which supports the idea that GT could become more valuable due to scarcity. But for this to translate into long-term growth, more decentralized applications (DApps) need to be built and used on the network.

3. Price Correction Analysis – Neutral Outlook

The Gate Blog reports that GT is trading around $16.27, down 37% from its all-time high, with $16.20 acting as a critical support level. If this resistance breaks, the price could move toward $17.50-$18.
Read full analysis
What this means: The technical outlook is neutral. A spike in trading volume (28 million tokens) on September 22 shows strong trader interest. However, a large token unlock event releasing $110 million worth of tokens on September 26 (source) could increase supply and put downward pressure on the price.

Conclusion

Overall, the sentiment around GateToken is cautiously optimistic. The strong fundamentals—like its growing utility on Layer 2 and deflationary token burns—are promising. But there are risks from price volatility and the need for wider ecosystem adoption. Keep an eye on the GT/Ethereum cross-chain volume on Gate Layer’s Perp and Meme Go platforms. If daily transactions consistently stay above 50,000, it could confirm that GateToken is successfully pivoting toward a Web3 future.


What is the latest news about GT?

GateToken is making big moves in Web3 with a new decentralized exchange (DEX) and ecosystem improvements, while GT holders benefit from airdrop rewards.

  1. Gate Perp DEX Launch (September 29, 2025) – A fast, decentralized platform for trading derivatives goes live.
  2. GT Ecosystem Upgrade (September 25, 2025) – A Layer 2 network boosts GT’s usefulness and reduces its supply.
  3. OVERTAKE Airdrop (September 29, 2025) – GT holders receive free tokens as rewards for staking.

Deep Dive

1. Gate Perp DEX Launch (September 29, 2025)

Overview:
Gate introduced Gate Perp DEX, a decentralized exchange for perpetual contracts built on its own Layer 2 network called Gate Layer. This platform offers up to 125x leverage, supports 447 trading pairs including popular ones like BTC and ETH, and allows deposits across multiple blockchains such as Solana and Ethereum. Early users can earn up to 500 GT during the public beta running until October 22, 2025.

What this means:
This launch is a positive sign for GT because it positions Gate as a leader combining centralized and decentralized exchange features. It could attract traders interested in derivatives and increase demand for GT through transaction fees and rewards. Security measures like audits and LayerZero integration help reduce risks associated with smart contracts.
(CryptoPotato)

2. GT Ecosystem Upgrade (September 25, 2025)

Overview:
Gate rolled out Gate Layer, a Layer 2 network based on the OP Stack technology. It can handle over 5,700 transactions per second (TPS) and offers fees that are 20 to 60 times lower than other networks. GT is now the only token used to pay fees on this network. Additionally, the upgrade includes a deflationary mechanism that has burned 60.18% of GT’s total supply (about 180.5 million GT) as of the second quarter of 2025.

What this means:
This upgrade makes GT more valuable by reducing its supply and increasing its practical uses. It supports Gate’s goal of fully embracing Web3 technologies. The addition of decentralized finance (DeFi) tools like Perp and Meme Go could encourage more developers and users to join the ecosystem.
(Gate.io)

3. OVERTAKE Airdrop (September 29, 2025)

Overview:
Gate distributed 113,636 TAKE tokens to GT holders through a limited-time airdrop. To qualify, users needed to hold at least 1 GT token, reinforcing GT’s importance for accessing platform benefits.

What this means:
Airdrops like this add value for GT holders by offering extra rewards. However, the immediate impact on GT’s price might be limited since gaming tokens like TAKE appeal to a more specific audience.
(Gate.io)

Conclusion

GateToken is speeding up its Web3 development with key infrastructure upgrades and incentives for users. By reducing GT’s supply and expanding its ecosystem, Gate aims to strengthen GT’s role in the market. The big question remains: will the new Perp DEX attract enough liquidity to compete with centralized exchanges and keep demand for GT strong?


What is expected in the development of GT?

GateToken’s upcoming plans focus on growing its ecosystem and reducing the total supply to increase value:

  1. Gate Layer Integration (Sept 25, 2025) – GT becomes the only gas token used for transactions on a fast Layer 2 network.
  2. Perp DEX Launch Carnival (Sept 29, 2025) – Trading rewards and GT giveaways to encourage activity.
  3. Q3 2025 Token Burn (Oct 2025) – Scheduled destruction of GT tokens to reduce supply.
  4. GateChain v1.20 Upgrade (Q4 2025) – Technical improvements to lower fees and improve compatibility with Ethereum.

In-Depth Look

1. Gate Layer Integration (Sept 25, 2025)

What happened: Gate Layer, a high-speed Layer 2 blockchain built on OP Stack technology, launched on September 25, 2025. It can handle over 5,700 transactions per second with block times of just 1 second. GT is the exclusive gas token used to pay transaction fees on this network. Gate Layer connects to GateChain (Layer 1) for security and supports cross-chain communication through LayerZero (Gate.io).

Why it matters: This is a positive development for GT because it directly links the token’s use to the volume of transactions on a scalable network. Since fees on Gate Layer are 20 to 30 times cheaper than Ethereum, it could attract more users and increase demand for GT. However, there’s a risk if other Layer 2 solutions become more popular, which could limit adoption.

2. Perp DEX Launch Carnival (Sept 29, 2025)

What happened: Gate’s Perpetual Decentralized Exchange (Perp DEX) on Gate Layer ran a trading incentive program that ended on September 29, 2025. Traders earned GT tokens as rewards for reaching certain trading volumes and competing on leaderboards (DeclanCrypt).

Why it matters: This event likely boosted short-term trading activity and increased awareness of GT. However, there could be selling pressure after the rewards are distributed, which might offset some gains. Watching trading volume and how many GT tokens are burned after the event will be important to understand its lasting impact.

3. Q3 2025 Token Burn (Oct 2025)

What happened: Gate regularly burns (destroys) GT tokens to reduce the total supply. In Q2 2025, 1.92 million GT worth about $39 million were burned. The next burn is expected in October 2025, continuing a deflationary approach that has already removed over 60% of the original GT supply (Gate.io).

Why it matters: Reducing the supply of GT can help support its price over time by making the token scarcer. However, the amount burned depends on the exchange’s revenue, so if trading slows down, the burns might decrease.

4. GateChain v1.20 Upgrade (Q4 2025)

What’s coming: The GateChain v1.20 upgrade will add support for EIP-4844 (blob transactions) and align with Ethereum’s Cancun upgrade. These changes aim to lower gas fees and improve tools for developers building on GateChain (Gate.io).

Why it matters: While this upgrade may not immediately increase demand for GT, better developer tools and lower fees could attract more projects to the GateChain network. Over time, this could strengthen GT’s role in the ecosystem.

Conclusion

GateToken’s roadmap balances increasing its practical use (through Gate Layer) with reducing supply (via token burns). Short-term events like the Perp DEX carnival can create trading momentum, while long-term infrastructure upgrades aim to improve the network’s appeal. The success of GT will largely depend on how widely Gate Layer is adopted and overall market conditions. It’s also worth watching how GT competes with other exchange tokens like BNB, especially as they develop their own Layer 2 solutions.


What updates are there in the GT code base?

GateToken (GT) has recently upgraded its technology to support a new Layer 2 network and improve compatibility with Ethereum, the leading blockchain platform.

  1. GateChain v20 Upgrade (September 15, 2025) – The Ethereum Virtual Machine (EVM) was updated to the latest Cancun version, including over a dozen improvements to make transactions more efficient.
  2. Gate Layer Launch (September 25, 2025) – A new high-speed Layer 2 network launched, using GT as the transaction fee token, built on the OP Stack technology.
  3. Q2 Token Burn (July 7, 2025) – 1.92 million GT tokens were permanently removed from circulation, helping to reduce supply and potentially increase value.

Deep Dive

1. GateChain v20 Upgrade (September 15, 2025)

What happened: GateChain updated its system to use Ethereum’s latest Cancun EVM, which brings important improvements to reduce transaction costs and enhance security.

Key features include:

Why it matters: This upgrade makes GateChain more compatible with Ethereum tools, lowers transaction fees, and strengthens its position as a reliable platform for building scalable applications.
(Source)

2. Gate Layer Launch (September 25, 2025)

What happened: Gate introduced a new Layer 2 network called Gate Layer, designed to handle over 5,700 transactions per second with very low fees—less than $30 for one million transactions.

Key points:

Why it matters: This launch increases demand for GT tokens and offers developers a fast, affordable platform to build decentralized apps, which could boost GateToken’s adoption and value.
(Source)

Conclusion

The recent upgrades to GateToken’s technology show a clear focus on building scalable infrastructure and aligning closely with Ethereum’s ecosystem. By making GT the primary fee token on the new Layer 2 network and continuing to reduce the total supply through token burns, GateToken is creating both practical use and scarcity. The big question now is whether Gate Layer will attract more users and developers than other Layer 2 solutions in 2025 and 2026.