#GNC Brief Summary

The price drop of Greenchie by 39% in the last 24 hours reflects the weakening momentum after achieving a milestone in the roadmap, a very high token supply, and low liquidity, which reinforces selling pressure.

Sales after the event following the DAO launch and the expansion of staking in the second quarter of 2025 failed to maintain interest.
Extreme supply surplus of (300 billion tokens total) and low liquidity (turnover 55,15) amplifies volatility.
The RSI at 13.6 indicates panic selling, but there is no signal of a reversal upward yet.

In-Depth Analysis

1. Supporting Factors

Phase 3 of project ( quarter 1-2 2025) has introduced DAO and enhanced staking, but there has been no new developments since June 2025, making the narrative of "a challenging journey" stagnant.
40% of the tokens are allocated for staking rewards, creating continuous selling pressure as users claim their returns – this is common in low-cap P2E tokens.
The reported circulating supply of 120 billion GNC is equivalent to a market capitalization of approximately $170,000, while the total supply of 300 billion carries a dilution risk of 60% if all are unlocked.

2. Technical Context

RSI 14 at 13.6 ( the deepest oversold level since launch ) usually precedes price spikes, but the simple moving average ( SMA ) 10 days ( $0.0000116) is 717% above the current price ( $0.00000142), indicating weak buying confidence.
The 24-hour trading volume dropped by 45% to $9.39 million alongside the price decline, indicating a capitulation action ( of position surrender ) from regular profit taking.
There are no visible support levels until the all-time low of $0.00000071, which is 50% below the current price.

Conclusion

The decline of Greenchie is due to a lack of interest following the main catalyst and structural oversupply, with technical indicators reflecting panic selling rather than accumulation based on value. Although oversold conditions sometimes precede price reversals, the absence of immediate ecosystem updates or a Bitcoin-driven altcoin season (CMC Altcoin Season Index: 23/100) limits upside potential.

Does the burning of token (token burn) or listing on the exchange change this dilution narrative, or will GNC remain limited by the supply cap of 300 billion tokens?