Global Currency Reserve (GCR) just made its way to the top 100 cryptocurrencies with its significant surge over the past two months. However, data shows that a few accounts hold GCR.
According to data provided by CoinMarketCap (CMC), the GCR price has grown by 1,075,939% since mid-May. The asset was developed in 2015, per the data, with a small surge in 2018, and has been wandering in the red zone for around four years.
GCR’s price rose by 42% in the past 24 hours, trading at $3.1 at the time of writing. Thanks to the 135% surge in its 24-hour trading volume shown on CMC, GCR made its way into the top crypto assets, currently ranking 97 on the crypto price aggregator.
Moreover, GCR recorded a new all-time high (ATH) of $11.08 on July 3, 2023. Its market capitalization currently stands at $331.1 million, per CMC data.
On-chain data also shows that the surge in GCR’s trading volume on CMC might be fraudulent since data provided by BSCscan and Etherscan shows that only $1,523 worth of the asset has been traded in the past 24 hours.
Moreover, a CMC user claims that he can’t sell his GCR holdings while someone is dumping with the recent price surge, showing signs of a scam token.