GWEI Token Crashes 46.5% in 24 Hours, Drops from $0.25 High to $0.13

According to Bitget exchange data, the ETHGas ecosystem token GWEI surged to a new all-time high of $0.25 on the evening of June 29 but quickly reversed course, plunging to as low as $0.13. At press time, GWEI is trading near $0.132, representing a 46.5% loss over the past 24 hours.

The dramatic sell-off suggests that short-term holders took profits near the peak, triggering a cascade of liquidations or stop-loss orders. No specific negative catalyst has been identified, but the rapid decline underscores the extreme volatility often seen in niche token sectors like gas tokens. Traders are advised to monitor on-chain flows and exercise caution given the high momentum and potential for further downside.