The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Move-to-Earn Altcoin Explodes 146% in Seven Days As Bitcoin and Crypto Markets Move Sideways

by Daily Hodl Staff
May 25, 2022
in Altcoins, NFTs

A lifestyle app that rewards users for participating in outdoor activities is seeing its newest token race up the charts.

STEPN (GMT), a move-to-earn blockchain project that exploded by a staggering 20,000% after launching earlier this year, is now gaining even further momentum with the creation of a second digital asset on a different chain.

The fitness project was initially built on Solana (SOL) with a dual-token system: Green Metaverse Token (GMT) for voting and staking and Green Satoshi Token (GST) for delivering rewards for walking or running.

Now there exists a second version of GST that operates on the Binance Smart Chain (BSC), which is rallying and decoupling from its Solana counterpart.

Colin Wu of Wu Blockchain explains the price discrepancy to his 219,100 Twitter followers by noting that the BSC version is being used to purchase expensive non-fungible tokens (NFTs). He also notes that there’s no bridge between the two chains.

“Stepn Token GST on BSC has exceeded $40, 9x compared to the GST price on Solana. NFT floor prices on BSC have been pushed up to $13,000.

The main reason is that Stepn did not build a cross-chain bridge between Solana and BSC. However, GMT is down 21% in the last 7 days.”

Crypto analyst and active STEPN user Nguyen Toan provides a project breakdown and offers the following insights:

  • Monthly active users have skyrocketed by over 3,000% from 16,439 on February 1st to 588,001 by May 1st.
  • Monthly NFT sneakers minted rose by over 2,600% from 8,449 on February 1st to 234,765 by May 1st.
  • The current shoe-minting cost is $472.80.
  • The project has allocated approximately $26 million to buy back and burn GMT tokens.

STEPN users can earn tokens by purchasing sneaker NFTs from the app and participating in real-life exercise activities which are tracked by their phone’s built-in GPS features. Currently, only the solo participation mode is functional, but the marathon and background modes are in development for future release.

There is also a feature to mint custom NFT sneakers for sale as well as convert GST for stablecoin US Dollar Coin (USDC).

Green Satoshi Token BSC is up 1.67% and trading for $24.42 at time of writing. It hit a monthly peak of $45.19 back on May 8th before the overall crypto market crash sent it plummeting to as low as $9.10 on May 14th.

Meanwhile, the original Solana version of STEPN Green Satoshi Token is down 5.81% on the day and priced considerably less than its twin at $2.47.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Marko Aliaksandr/Fotomay

Submit a Press Release

Industry Announcements

  • Meta Earth Network 2.0 – Pioneering Web 3.0 Innovation With Rewards and Global Events
    June 20, 2025
  • Perceptron Network Merges With BlockMesh To Create First End-to-End Decentralized AI Data Infrastructure
    June 20, 2025
  • Bubblemaps Integrates With TON, Enhancing Transparency in Telegram’s Native Blockchain Ecosystem
    June 19, 2025
  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure With Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,653.50
$102,653.50
0.79%
Ethereum
$2,279.58
$2,279.58
6.08%
BNB
$630.64
$630.64
2.06%
Solana
$135.71
$135.71
3.3%
XRP
$2.07
$2.07
2.69%

Spotlight

  • Billionaire Mike Novogratz Details Massive Bitcoin Price Target, Says BTC Adoption As Macro Asset Approaching Maximum Speed
    June 14, 2025
  • 64,000,000 T-Mobile Records Containing Highly Sensitive Customer Data Allegedly Leaked Online As Mobile Giant Refutes Attackers’ Claims
    June 14, 2025
  • Hackers Target 12,184,351 Android Devices in Just Three Months in Push To Steal Credentials, Crack Bank Accounts: Report
    June 14, 2025
  • JPMorgan Chase, Bank of America and TD Bank Issue Data Breach Alerts, Say Critical Information on Several Customers Compromised
    June 14, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl