$GMT short-term pump exceeded 5%, rules for burning 6 billion GMT announced, BurnGMT.com officially launched gate News: The GMT team announced on X that the BurnGMT.com platform will officially launch at 11:00 am Hong Kong time on November 21st. Users can participate in the burning decision of up to 600 million Tokens through Lock-up Position GMT. It is reported that the project has spent approximately 100 million US dollars to repurchase all 600 million GMT allocated to early investors, advisors, and the team that have not been unlocked. These Tokens will be gradually unlocked over the next 10 months, but will be directly destroyed after the voting criteria are met. This burning plan is led by the GMT Ecological Fund and is used to empower the community for on-chain governance. GMT DAO is an independent entity composed of GMT holders and operates autonomously, with no affiliation with FSL or its related brands. According to gate data, the 24-hour decline of $GMT price narrowed to 0.97%, the current price is $0.1613, the market value is $486.87M, and the 24-hour trading volume is $75.48K.

$GMT price pump 9.85%, 600 million GMT burning plan launched, with a first-day annualized yield of 1200% Gate News: On November 22nd, BurnGMT.com was officially launched on November 21st, attracting widespread follow. As the 600 million GMT burning plan led by the GMT Ecological Fund, the first day's annualized yield reached approximately 1200%. According to platform data, users can not only participate in governance decisions through Lock-up Position GMT, but also enjoy daily fixed distribution of 1.67 million GMT rewards, with a total reward amount of 100 million GMT. It is reported that the GMT withdrawal function of multiple trading platforms is temporarily suspended, and the large-scale Lock-up Position directly reduces the amount of GMT in circulation in the market, gradually depleting liquidity. Gate.io data shows that the price of $GMT has pumped 9.85% in the past 24 hours, with the current price at $0.18, a market cap of $535.81M, and 24-hour trading volume of $303.34K.