GWEI Token Plunges Nearly 50% in 24 Hours After Hitting $0.25 High

News Editor

2026-06-30 13:10:19

According to Bitget market data, the ETHGas token GWEI surged to a high of $0.25 on the evening of June 30 before collapsing sharply, briefly breaking below $0.13. Currently trading around $0.132, GWEI has posted a 24-hour decline of 46.5%, as profit-taking and sell pressure dominate.

Market Action: GWEI Reaches New High Then Crashes

According to Bitget market data, the ETHGas token GWEI briefly hit $0.25 on the evening of June 30, marking a new recent high. However, the price quickly reversed, falling below the $0.13 level and touching a low near $0.12. As of press time, GWEI is trading around $0.132, representing a 46.5% drop in the past 24 hours.

What to Watch: Short-Term Volatility and Market Sentiment

The sharp sell-off occurred immediately after GWEI set a new peak, suggesting concentrated profit-taking. Investors should monitor short-term volatility risks and track on-chain fund flows and key support levels. As an ETHGas-related token, GWEI’s price movements are closely tied to Ethereum gas fee activity and meme coin market dynamics.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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