The world experienced one of its biggest nightmares with yesterday’s market crash in Japan. As a result, the cryptocurrency world also suffered significant losses, and despite some recovery today, it remains far from the $70,000 price level seen last week. Amidst these events, Coinbase, the largest exchange in the US by volume, has brought a new breath to the process, which has been marked by listing and delisting news in recent times.
Coinbase Confirms the Transition
Coinbase announced that Galxe (GAL) tokens will transition to Gravity (G). The exchange will add support for Gravity on the Ethereum network, but the transition of assets will not be facilitated on behalf of users.
The statement from the exchange is as follows:
Galxe (GAL) announced the transition of its tokens to Gravity (G) (ERC-20 token). Coinbase will add support for Gravity (G) on the Ethereum network. Coinbase will not facilitate the transition of these assets on behalf of users. The official GAL token transition portal is open to all users starting from July 9, 2024, and will remain available for at least one year.
Current Prices of GAL and G
Following the news, attention turned to the prices of Galxe (GAL) and Gravity (G). The price of Galxe saw a sharp decline after the announcement. This drop, combined with a 2% decrease in the last 24 hours, brought the price down to $2.38. During this period, the market volume also fell by over 50%, indicating a decreasing interest in the token.
On the other hand, Gravity, which is on the other side of the process, saw an increase of over 9% in the last 24 hours, trading at $0.03344, and its market volume rose to $241.8. However, its trading volume decreased by 20%, falling to $33 million.
