📉 GPS Token Drops Over 60% Post-Binance Listing – Buy the Dip?
Since its March 4 listing, GPS surged 15% to $0.16 before falling 60% to $0.06. The drop followed market maker activity, with Binance suspending an account after 70M GPS was sold without matching buy orders.
Is It a Buying Opportunity?
✅ Strong Fundamentals – GoPlus Security offers Web3 security across 20+ blockchains, with key partners like Uniswap and KyberSwap.
✅ Token Utility – Used for payments, staking, and governance, with long-term vesting reducing supply shocks.
Caution Ahead:
⚠️ Ongoing Investigation – Binance is probing irregular trading activity.
⚠️ Volatility Risk – Large token unlocks could drive further swings.
Key Levels:
Support: $0.06 – Current low.
Resistance: $0.10 – Break above for reversal.
Verdict: Risk-tolerant investors might see $0.06 as a buying zone. Cautious traders may wait for stability.
Would you buy the dip? Share your thoughts below!
