After 8 million STG tokens were withdrawn from Gate, STG surged over 40%.

TechFlow news: On June 10, blockchain analyst EmberCN (@EmberCN) observed that after an address withdrew 8 million STG tokens—valued at approximately $2.2 million—from Gate, the STG price surged over 40%. EmberCN noted that following ZRO’s acquisition of STG, STG can only be exchanged for ZRO at a fixed rate of 1 STG = 0.08634 ZRO. With ZRO currently trading at around $0.84, the implied value of STG is approximately $0.07 per token, whereas its current market price stands at roughly $0.36 per token.