MMT (Momentum) fell 42.63% in 24 hours.

Gate News Bot news, on November 6th, according to CoinMarketCap, as of the time of writing, MMT (Momentum) is currently priced at $0.71, falling 42.63% in the last 24 hours, with a high of $4.16 and a low of $0.33. The 24-hour trading volume reached $1.696 billion. The current market capitalization is approximately $144 million, a decrease of $107 million compared to yesterday.

Momentum is a financial operating system built for a tokenized future. It aims to be the operating system for the next generation of global finance, where assets are tokenized, seamlessly connected, and tradable in one place. Momentum's flagship products include a DEX exchange, yield farms, liquid staking, and a token generation lab. The platform is designed to integrate decentralized assets into a unified ecosystem by combining zero-knowledge identity, on-chain compliance, and cross-chain interoperability.

Recent important news about MMT:

1️⃣ Gate launched MMT spot trading globally for the first time

Gate will launch Momentum on November 4, 2025, at 20:00 UTC+8 with the MMT/USDT trading pair. This is MMT's debut on a major global trading platform, providing investors with a convenient trading channel and significantly enhancing MMT's liquidity and market attention.

2️⃣ MMT price fluctuates sharply in the short term

The price of MMT has experienced extreme fluctuations in a short period, quickly rising to $6.47 before rapidly falling back. This price volatility has led to over $100 million in MMT-related short positions being liquidated in the past 24 hours, reflecting strong market attention and speculative sentiment towards MMT.

3️⃣ Momentum project airdrop allocation has started

Momentum has launched the MMT token airdrop allocation query page, where all eligible users can check their MMT token allocation status. The majority of users will receive up to 90% of their allocated tokens in the form of veMMT tokens, which will be displayed in the coming days. The launch of the airdrop event may stimulate market demand for MMT.

The short-term price fluctuations of MMT may be related to its debut launch on the Gate platform, airdrop distribution, and market speculation sentiment. However, investors should remain cautious and pay attention to the potential risk of price corrections.

This message is not intended as investment advice; investors should be aware of market volatility risks.