The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
 
 
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 
 

$GAL Rebrands To $G: A 50% Surge Amidst Strategic Moves

Tags: new
DATE POSTED:July 19, 2024

In a significant move, $GAL has announced its rebranding to $G, causing a 50% surge in its value over the past 24 hours.

This development has attracted the attention of smart traders, with one notable wallet, 0xf26ce, purchasing $264.82K worth of $GAL two days before the rebranding announcement.

This wallet had been inactive for two months and made recent buy orders solely focused on $GAL, indicating strong confidence in the token’s potential.

The rebranding involves more than just a name change. Galxe is transitioning to Gravity, and the ticker will change from $GAL to $G.

This transformation is accompanied by a redenomination, shifting from a 1:1 ratio to 1:60. Binance has already announced its support for this rebranding and redenomination, further solidifying the token’s new identity in the market.

Holders To Receive 60 $G Token During 1:60 $GAL Redistribution Ratio

The strategic timing of this move has proven beneficial, as the value of $GAL has seen a substantial increase. The redenomination to 1:60 means that for every $GAL, holders will now receive 60 $G, enhancing the token’s liquidity and appeal. This change is expected to attract more investors and traders, as seen with the smart wallet’s significant purchase.

$GAL Is Rebranding To $G: Pump 45% In The Past 2 Hours

Tags: new