GRAM Jumps 20% on Binance News, Faces $5M Token Unlock on July 27
GRAM is trading near its 52-week low of $0 (0.0% above the low).
Summary
The GRAM token price surged 20%, building on an earlier 9% rally attributed to a Binance trading campaign and service reopening. However, a significant supply event is approaching, with 2.80 million GRAM tokens, valued at approximately $5.04 million, scheduled to unlock on July 27. This unlock could create substantial sell pressure, potentially offsetting recent gains and testing the token's ability to hold its price. The market will be watching the impact of the July 27th token unlock.
At the time of this announcement, GRAM was trading at $0.00 on OTC in the Crypto Assets sector. The 52-week trading range was $0.00 to $0.18. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Coinpedia.