Deep Dive
Overview: On 20 September 2025, Galxe announced a $100k G token reward pool for top contributors on its Starboard platform (@clazzicent), incentivizing social engagement and onchain activity.
What this means: The program directly ties G token distribution to user participation, creating buy pressure from contributors aiming to qualify for rewards. Historical airdrop-linked campaigns (e.g., July 2025 Binance Alpha listing) saw similar short-term price boosts, though sustainability depends on retention.
What to look out for: Confirmation of reward distribution timelines and participation metrics from Galxe’s Starboard dashboard.
2. Technical Rebound Signals (Mixed Impact)
Overview: G’s MACD histogram turned positive (+0.00010568) for the first time since October 2025, signaling weakening bearish momentum. The RSI14 (42.36) also rebounded from oversold territory (<30 in late October).
What this means: Traders may interpret this as a short-term buying opportunity, especially with the price ($0.00684) hovering above the 7-day SMA ($0.006486). However, resistance looms at the 30-day SMA ($0.007184), which has capped rallies since August 2025.
What to look out for: A sustained break above $0.0072 could signal trend reversal, while failure risks retesting June 2025 lows (~$0.0057).
3. Gravity Reth Adoption Progress (Neutral Impact)
Overview: Gravity’s EVM execution layer, Reth, achieved 41,000 TPS in August 2025 benchmarks (Gravity), attracting developer interest.
What this means: While technical upgrades enhance long-term utility, immediate price impact is muted due to G’s -78.81% annual decline. The 24h trading volume ($3.7M) remains 90% below July 2025 peaks, suggesting limited speculative interest.
Conclusion
G’s 24h rise reflects a blend of community incentives and oversold technicals, though macro headwinds (90d: -42%) and low liquidity persist. Key watch: Can Galxe Starboard metrics translate hype into sustained network growth, or will G retrace amid broader market volatility?