STEPN cryptocurrency pyramid token continues to fall

The GST token of the popular move-to-earn app STEPN continues to fall. In the last 30 days alone, the token’s price has dropped by 89%.

STEPN’s token economy is in a difficult position. Both GMT and GST tokens have fallen by more than 80−98% compared to their all-time highs, which were recorded at the beginning of the year.

The bear market has also affected GST. The developers have recently done everything possible to stabilize the exchange rate. The initiatives include the announcement of a metaverse, cooperation with Bored Ape Yacht Club, and updates related to the synthesis of sneakers. None of this helped GST to rise.

Users of the program have been expressing their dissatisfaction under STEPN’s recent Twitter posts, saying that they have less and less desire to be in the game (or in a cryptocurrency pyramid scheme based on the Ponzi scheme, depending on how you look at it).