The floor price of STEPN sneakers in the Magic Eden NFT market is now 4.2 SOL, just over $150. In April, a pair was worth about $1,200.

Amid price drops in Bitcoin, Ethereum, Solana and most altcoins in the last 24 hours, some NFT sneakers have sold for even less than that – the average selling price today was 4.35 SOL.

The current daily low for Solana was $35 on crypto exchanges (86% retracement from the all-time high of $259 in November 2021). Some investors will be able to purchase STEPN sneakers for around $120.

In mid-April, NFTs of STEPN sneakers had a base price of 12 SOLs, while Solana was priced at $107, so just two months ago each NFT sneaker was worth $1,200 or more.

GST Cryptocurrency

Despite a 13% drop in total cryptocurrency market cap and a drop to under $1 trillion today, the Green Satoshi Token (GST), the STEPN app's in-game native currency, is green that day.

It is also the most trending cryptocurrency on Coinmarketcap, which means it is the most viewed cryptocurrency.

A cryptocurrency that doesn't fall on the negative news could be a sign that it has bottomed out and is poised to form a short-term uptrend. Crypto markets are in extreme fear about a possible Celsius bank run and the ETH liquidation it could cause.

Getting a lot of attention from people viewing the token on CMC could also be a bullish sign.

But the Green Satoshi Token was also the most trending coin earlier this month when the GST price was close to $1 – so despite the interest and the strong 30% jump on June 8, the GST price dropped further.

The Green Satoshi Token had already sold more than any other crypto-asset, delayed for a splash after its own FUD – China banned the STEPN app. A large part of the game of gaining market share and 'moving to win' is users in Asia.

The Green Satoshi Token rose to an all-time high of $9.56 per coin on the Bybit exchange on April 29. Since then, the GST price has retraced almost 98% and was already severely oversold before the crypto crash today.

GST market cap is currently only $23 million and GST ranks 529th by market cap on CMC.

The price of GMT, the governance token for the STEPN application, is currently trading around $0.78, with a market cap of $4.17 at its peak on April 28 and a market cap of over $2.2 billion.

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