0G Token Sees 2% Dip Amid $107M Institutional Investment, Technical Upgrades Drive Market Volatility
The price of 0GUSDT declined by 2.00% in the last 24 hours, primarily due to ongoing technical upgrades by 0G Labs, including validator migration and GLM-5 AI integration, which caused temporary network instability and deposit suspensions on exchanges such as Upbit and Bithumb. Institutional activity, notably ZeroStack Corp.'s $107 million investment acquiring 21% of 0G's supply, contributed to increased trading volumes and heightened market attention, but volatility persisted due to recent token unlocks and ecosystem changes.
Currently, 0GUSDT is trading at $0.489 on Binance, with a 24-hour trading volume reported at $7.48 million on Binance’s perpetual contracts. Market capitalization ranges between $105 million and $109 million, with a circulating supply of about 213.2 million tokens, and trading activity remains robust across leading exchanges.