Gaming

‘Off the Grid’ GUN Token Sinks Following Game’s Avalanche L1 Launch

Published

6 months ago

April 1, 2025

The gun topping related with in style Battle Royale recreation of the schedule that was launched on Monday with the Mancinnet rollout of the Avalanche L1-based Gunz Gaming Community. And for the in-game minstet integration, Gun continued to fall in worth in the course of the day.

Gun is at the moment priced simply above $ 0.76, greater than 24% for the reason that launch of Coingecko knowledge. Gun rose earlier on Monday as excessive as $ 0.115, however then dropped by virtually 34% within the hours since touching that peak.

It’s common for newly launched tokens to shortly peak after which lose worth as extra customers pay money for the cash and act on them available in the market. However the Gunz launch has left some non-non-geansed questions which might be additionally involved in regards to the full diploma of the rollout.

$ Gun is now stay on Binance and extra gala’s!

With $ 15.8b+ USD set and 1.7 m+ contributors in Binance Launchpool, Gunz simply set a dedication document of seven months.

A brand new period for web3 gaming is now beginning. pic.twitter.com/ike0xzb8in

– Gunz Official (@GunbyGunz) March 31, 2025

Whereas the Gunz community has launched its mainnet and the weapons smoking is now being actively traded, from the schedule – the sport on PC, PlayStation 5 and Xbox – nonetheless has to make the transition from check community to mainnet.

By bringing the Gunz Minnet into the grid, you unlock the likelihood to trade in-game objects if NFTs who’ve preceded some entrepreneurial gamers by way of a flourishing black market across the recreation previous to the rollout of the mainnet. The replace of the sport additionally makes it doable to make use of Gun as a superb crypto -token. It’s at the moment behaving identical to an in-game forex, and gamers’ gun balances can be wiped within the transition to MAINNET.

READ The Ultimate Guide to Earning with Web3 Crypto Games

Gunzilla Video games didn’t reply instantly DecryptQuestions in regards to the timeline for the mainnet launch of the schedule.

Within the Gunz Discord Server earlier on Monday, Gunzilla Video games -director of Web3 Theodore Agranat gamers instructed that the “migration of the sport to MAINNET will now be labored”, however has not specified ETA for the transition.

There’s simply over 6% of the full vary of 10 billion weapons in circulation from this letter, with a lot of that circulating inventory devoted to the Binance Launchpool Rewards marketing campaign for customers of that crypto trade.

Such a small smoother signifies that the market capitalization for gun is under $ 47 million from this letter, though the totally diluted ranking or FDV for token is at the moment round $ 760 million – and a peak over $ 1 billion earlier within the day.

Gun is at the moment categorized because the 662nd Most worthy total cryptocurrency based mostly on market capitalization. Nonetheless, the FDV surpasses most of the Most worthy gaming tokens with a lot bigger circulating provides, equivalent to Gala Video games (Gala), Axie Infinity (AXS) and Ronin (Ron).