STEPN's Green Metaverse Token (GMT) just posted a sharp +31.21% gain on Binance today, spiking from $0.01003 to a high of $0.01523 on an extraordinary 2.5 billion GMT in volume worth $31.99 million USDT. The chart shows a clean breakout from weeks of compression, with all three EMAs now pointing upward. Here's the complete story.
What Is STEPN The App That Pays You to Move
STEPN is a Web3 move-to-earn platform developed by Australian fintech firm Find Satoshi Lab encouraging users to lead healthier lifestyles while earning crypto rewards. Users buy NFT sneakers, go walking or running outdoors, and earn tokens based on their physical activity levels. Built on Solana, STEPN merges GameFi and SocialFi into one of the most unique applications in the entire crypto space.
GMT is STEPN's governance token with a hard-capped maximum supply of 6 billion tokens. It is burned within the STEPN app to access premium features including minting high-quality Sneakers, upgrading high-quality Gems, and participating in governance voting. Every premium action in the app destroys GMT permanently.
Catalyst 1 Apple Pay Integration
STEPN integrated with Apple Pay a significant advancement that caused an overnight price surge of nearly 13% when announced. This development allows hundreds of millions of Apple device users to purchase NFT sneakers and access STEPN's ecosystem without needing to understand crypto wallets or exchanges. Removing the technical barrier for mainstream users is one of the most powerful growth catalysts any Web3 app can have.
Catalyst 2 600 Million Token Burn Program
A major 600 million GMT token burn is underway in 2026 directly reducing circulating supply as GMT Pay transaction volume increases. This supply-side reform is beginning to reflect in the market structure, with March 2026 identified as a decisive period where burn mechanics start materially impacting price dynamics. 600 million tokens permanently removed that's 10% of the entire maximum supply being destroyed.
Catalyst 3 Adidas Partnership Expanding
STEPN expanded its partnership with Adidas introducing 1,200 limited-edition NFT sneakers exclusively available to holders, bridging one of the world's most iconic sports brands with Web3 digital ownership. Adidas. 60 million global customers. All now with a direct gateway into the STEPN ecosystem.
The Volume Is Extraordinary
2.5 billion GMT traded in 24 hours on a token priced at $0.013. The 200-day moving average has been rising since February 5, 2026 indicating a strengthening longer-term trend even as short-term volatility persists. Long-term structure is improving while short-term momentum is explosive.
The Technical Picture
The Binance 1H chart shows weeks of flat compression near $0.01003 then a clean breakout through all three EMAs: EMA(25) at 0.01222, EMA(50) at 0.01158, EMA(100) at 0.01114. All fanning upward. Volume at the breakout candle hit 352 million GMT the single largest candle in weeks. Price is now consolidating above all three EMAs a healthy bullish structure.
With consistent token burns and GMT Pay growth, analysts target $0.58 for GMT by end of 2026 a potential 43x from current levels. GMT's all-time high was $3.83 in April 2022. At $0.013 today 99.6% below peak with Apple Pay live, 600M token burn underway, and Adidas partnership expanding, the asymmetry here is extraordinary.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.
