The GUN token tied to fashionable battle royale recreation Off the Grid launched Monday with the mainnet rollout of the Avalanche L1-based GUNZ gaming community. And forward of the in-game mainnet integration, GUN has continued to fall in worth over the course of the day.
GUN is at present priced simply above $0.76, down over 24% since launch, per information from CoinGecko. GUN rose as excessive as $0.115 earlier Monday, however has since dipped by almost 34% within the hours since touching that peak.
It's frequent for newly launched tokens to rapidly peak after which lose worth as extra customers get their arms on the cash and begin buying and selling them out there. However the GUNZ launch has left some as-yet-unanswered questions that will even be driving issues across the full extent of the rollout.
$GUN is now reside on Binance and extra exchanges!
With $15.8B+ USD staked and 1.7M+ individuals in Binance Launchpool, GUNZ simply set a 7-month engagement file.
A brand new period for Web3 gaming begins now. pic.twitter.com/Ike0xzB8IN
— GUNZ Official (@GUNbyGUNZ) March 31, 2025
Whereas the GUNZ community has launched its mainnet and the GUN token is now actively being traded, Off the Grid—the sport on PC, PlayStation 5, and Xbox—nonetheless has but to make the transition from testnet to mainnet.
Bringing the GUNZ mainnet into Off the Grid will unlock the flexibility to commerce in-game gadgets as NFTs, which some enterprising gamers have preempted by way of a thriving black market across the recreation forward of the mainnet rollout.
The sport's replace will even allow using GUN as a correct crypto token. It at present acts very similar to an in-game forex, and gamers' GUN balances are set to be wiped within the transition to mainnet.
Gunzilla Video games didn’t instantly reply to Decrypt's questions concerning the timeline for Off the Grid's mainnet launch.
Within the GUNZ Discord server earlier Monday, Gunzilla Video games Director of Web3 Theodore Agranat instructed gamers that the "migration of recreation to mainnet might be labored on now," however didn’t specify an ETA for the transition.
Simply over 6% of the entire provide of 10 billion GUN tokens is at present in circulation, with a lot of that circulating provide devoted to the Binance Launchpool rewards marketing campaign for customers of that crypto alternate.
Such a small float signifies that the market cap for GUN sits beneath $47 million as of this writing. Nevertheless, the absolutely diluted valuation or FDV for the token stands at roughly $760 million, after peaking above $1 billion earlier within the day.
GUN is at present ranked because the 662nd most respected general cryptocurrency based mostly on market cap. Nevertheless, its FDV outranks most of the most respected gaming tokens with a lot bigger circulating provides, similar to Gala Video games (GALA), Axie Infinity (AXS), and Ronin (RON).
