GRASS Surges Over 37% in 24 Hours, Briefly Exceeds $0.59

The Gate airdrop token GRASS reached $0.4033 with a $161M market cap on Nov. 24, as reward campaigns expand to include USDT, ARB, and additional GRASS incentives.

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Summary

On Nov. 24, on-chain data recorded the GRASS token from Gate's airdrop at $0.4033, giving it a $161 million market capitalization. Users with at least 40 or 120 Gate contract points can receive USDT and GRASS rewards. The next reward phase, offering ARB and USDT, starts Nov. 25 at 19:00 UTC+8. This follows recent volatility where GRASS briefly exceeded $0.59 on Nov. 20 before retreating, reflecting active trading and heightened market interest.

Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the US dollar, widely used for trading and transfers in cryptocurrency markets.
  • ARB: The native governance token of the Arbitrum network, used for participating in protocol decisions and incentivizing ecosystem growth.