Huo Xing Finance reports that on May 23, according to market data, GMT briefly surged past $0.0139, rising nearly 30% in two hours. According to Coinglass data, GMT’s open interest increased by 131% over the past four hours, typically indicating that significant price volatility will continue; current open interest stands at $31.22 million.
GMT surges 30% in 2 hours, open interest rises above $30M
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Summary
On May 23, 2026, GMT reached $0.0139, surging nearly 30% in two hours. According to Coinglass, open interest for GMT increased 131% over four hours to $31.22 million. Rising interest rates and open interest indicate continued volatility.
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