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Address Withdraws 8M STG from Gate, Token Surges Over 40%

GateNews
Price VolatilityCapital FlowOn-Chain Data
STG-0.92%
ZRO2.25%

According to on-chain analyst Yuejin, an address withdrew 8 million STG ($2.2 million) from Gate on June 10, with STG surging over 40% following the withdrawal.

After STG's acquisition by ZRO, the token can only be redeemed for ZRO at a fixed rate of 1 STG = 0.08634 ZRO. With ZRO trading at $0.84, STG's theoretical price should be around $0.07, yet the token is currently trading at $0.36.

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