The GoPlus Security (GPS) token has experienced significant volatility in recent weeks. After its listing on Binance on March 4, 2025, the token initially surged by 25% but subsequently plummeted by 60%, raising concerns about market manipulation. Binance's investigation identified a market maker engaging in suspicious trading activities, leading to their ban and user refunds.
In response, GoPlus Security announced a remediation plan on March 11, 2025, committing 4.34 million USDT for token repurchases and an additional $2 million for user compensation over 90 days. This initiative led to an 18% price surge within 24 hours.
Despite these efforts, the GPS token continues to face downward pressure, reflecting ongoing market uncertainties.