GAIB (GAIB) fell 39.81% in the last 24 hours.

Gate News Bot news, on November 20, according to CoinMarketCap, as of the time of writing, GAIB (GAIB) is currently priced at $0.17, with a 39.81% fall in the last 24 hours, reaching a high of $0.28 and a low of $0.14. The 24-hour volume has reached $64.9 million. The current market capitalization is approximately $34.6 million, a decrease of about $22.87 million compared to yesterday.

Important news about GAIB recently:

1️⃣ GAIB token officially launched, multiple users receive airdrop The GAIB Foundation has announced that the GAIB token is officially live. This launch is accompanied by airdrop activities aimed at multiple user groups, including AID Alpha Spice holders, Fremen Essence NFT holders, 827 active Discord community members, and Galxe Starboard participants. All airdropped tokens will be fully unlocked at launch, which may lead to an increase in market supply in the short term.

2️⃣ The first batch of Despread creators will receive additional rewards Due to the average user awareness of GAIB reaching 6.5%, GAIB allocated 0.005% of the supply to the first batch of Despread creators. A total of 219 users are eligible to receive these rewards, indicating that the project is actively promoting community engagement and content creation.

3️⃣ The rewards for Season 2 activities will be distributed soon GAIB announced that the participant rewards for the second season event will be distributed within a month as previously announced. This may affect the token circulation and holder distribution in the short term.

After the launch of the GAIB token, there was a significant fall, which may be related to short-term selling pressure caused by the unlocking of airdrops. However, the project encourages community participation and content creation in various ways, which may contribute to the long-term development of the ecosystem. Investors should closely monitor the potential impact of reward distribution on the market in the coming month.

This message does not constitute investment advice, and investors should be aware of market volatility risks.