0G Token Faces 3.68% Price Drop Amid Major Token Unlock, Network Instability, and GLM-5 Upgrade
The price of 0GUSDT declined by 3.68% in the last 24 hours, falling from 0.489 USDT to 0.471 USDT on Binance. This decrease is mainly attributed to the recent token unlock of 15.23 million tokens, which increased the circulating supply and contributed to selling pressure. Additionally, network instability led South Korean exchanges to temporarily suspend 0GUSDT deposits and withdrawals, impacting liquidity and market sentiment. Technical upgrades, including validator migration and integration of the GLM-5 AI model, further influenced volatility. The current market shows active trading, with a 24-hour volume of $29.74 million USD and a market capitalization of $101.12 million USD, as 0GUSDT continues to trade actively across major exchanges.