GPS Token Plunges 26% Amid High Volatility, Perpetual Futures Launch, and Surging Trading Volume

GPSUSDT experienced a sharp decline in the past 24 hours, dropping 26.52% from an open of 0.01610 to a current price of 0.01183 on Binance. The price change is primarily attributed to recent high volatility and failure to sustain key resistance levels, as technical indicators such as RSI showed overbought conditions and bearish divergence, triggering a selloff following a previous price surge. Increased trading activity, the launch of perpetual futures with up to 50x leverage on Aster DEX, and ongoing interest from traders contributed to substantial trading volumes, with Binance Futures recording $26.26 million. GoPlus Security continues to operate its User Security Network and maintain a 500M GPS Security Fund, while integration with major platforms and recent listings have sustained market attention. The asset remains volatile, with a circulating supply of approximately 4.4 billion GPS tokens and a market cap around $49.47 million on Binance, showing active participation and dynamic price movements.