Gate News bot message, Gate market display, GT up 3.03% in the past 24 hours, current price 7.12 USDT.
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The main driver of this price movement was large on-chain ETH inflows concentrating into exchanges, creating significant spot selling pressure. On-chain data showed multiple transfers exceeding 10,000 ETH flowing to centralized platforms, pushing exchange net inflows up 18% sequentially, correlating with the price decline.
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