Ubisoft Crazy Rabbit Attack STEPN: GMT Token Price Prediction and Future Outlook of Move-2-Earn

Move-2-earn has always been a narrative-driven track within the cryptocurrency space. When products showcase a vibrant cultural atmosphere, market attention quickly returns; conversely, when user activity declines, related tokens tend to quietly fall. Ubisoft’s crazy rabbit “invasion” of STEPN is not just about brand exposure but also about an in-app mechanism design aimed at promoting user engagement, consumption behaviors, and (further) demand for GMT Coin.

This article will delve into the specific changes brought about by the collaboration between Crazy Rabbit and STEPN, the current market performance of GMT Coin on Gate, and how to avoid mistaking short-term volatility caused by events for a fundamental industry trend when making GMT Coin price predictions.

##When mainstream IP enters Move-to-earn applications A common misconception in the crypto market is “famous brand = immediate surge.” In reality, brand effects are only truly valuable when they can continuously stimulate user behavior after the initial hype fades. The synergy between Crazy Rabbit and STEPN lies in their IP characteristics—chaotic, meme culture, and event-driven—which are very suitable for limited drops, gamified minting, and community activation.

The highlight of this collaboration is that it is not a one-off social media promotion but revolves around two specific event mechanisms, both potentially influencing GMT Coin’s behavior: one to stimulate minting activity, and the other to temporarily lock GMT Coin through a lottery mechanism.

##What changes did the Crazy Rabbit event bring inside STEPN The collaboration mainly revolves around two key nodes:

First is the Halloween-themed event (late October 2025 to early November 2025), during which shoes minted have a chance to obtain special Crazy Rabbit-themed sneakers. This mechanism aims to stimulate “minting demand,” as users mint not only for utility but also for the possibility of obtaining rare rewards.

Second is the lottery-style minting event (mid-November 2025), corresponding to a limited release of Crazy Rabbit-themed Genesis animated sneakers. The event structure is simple but significant: participation requires purchasing a ticket with GMT Coin (9,000 GMT Coin per ticket), and non-winners can get a full refund. This refund mechanism encourages more user participation without requiring everyone to pay immediately, while still achieving temporary GMT Coin locking during the lottery.

For GMT Coin, the conclusion is straightforward: these events can stimulate short-term activity, but their impact on price also depends on whether they can bring sustained user engagement after the events end.

##Gate perspective: current market status of GMT Coin Any GMT Coin price forecast should start from the most realistic benchmark—the current market pricing on Gate.

As of January 9, 2026, GMT Coin is trading at approximately $0.01613 on Gate, down about 3.06% in the past 24 hours. The 24-hour price range is between $0.01568 (low) and $0.017 (high), with a 24-hour trading volume of about $149,310, and a market cap of roughly $50,180,000.

Looking at a longer cycle, Gate’s data shows that GMT Coin has risen about 5.97% over the past 7 days but still declined about 8.30% over 30 days, with a more pronounced drop over the year. This trend generally indicates a market inclined toward short-term rebound trading but has not yet entered a stable upward cycle.

Structurally, GMT Coin’s current “activity level is acceptable,” but it has not yet demonstrated sustained demand, and there is still some distance from an industry-wide clear upward cycle.

##Token supply background influencing volatility Move-to-earn tokens are highly sensitive to supply dynamics because user demand often erupts around events, seasons, collaborations, etc., while selling pressure may persist (profit-taking, capital rotation, risk aversion).

Gate’s supply data is straightforward:

• Circulating supply: approximately 3.11 billion GMT Coin
• Total supply: approximately 5.07 billion GMT Coin
• Max supply: 6 billion GMT Coin
• All-time high: $4.11
• All-time low: $0.0132

This also explains why the price fluctuations of GMT Coin sometimes feel “out of balance”: when demand windows narrow, market risk appetite decreases, or liquidity is insufficient, prices can be quickly suppressed; when attention returns, prices can also rapidly surge.

##Rational interpretation of market trends, avoiding overfitting narratives Crazy Rabbit can indeed attract attention, but it does not automatically change the trend. A more rational way to judge whether GMT Coin is experiencing a short-term surge or a trend reversal is to observe three confirmation signals that are difficult to “falsify”:

1. Is demand still present after the event?
Short-term bursts are easy, sustained activity is rare. If, within weeks after the event, trading volume remains healthy, dips are met with stable buy-side, and there is no rapid retracement of gains, then the collaboration truly acts as a trend driver rather than a one-time marketing stunt.

2. Can the price hold the rebound range, or is it quickly sold off?
Price surges often show rapid increases followed by “exit selling” at obvious resistance levels. A trend reversal is more likely if the price can stabilize after testing and breaking through a range—meaning the market has accepted a new equilibrium, not just chasing short-term volatility.

3. Does the broader market risk appetite support this?
Move-to-earn has always been a high-beta narrative sector. When the market is cautious, even quality collaborations struggle to sustain revaluation; when liquidity shifts toward growth sectors, the same collaborations can trigger real market rallies.

##Practical GMT Coin price prediction approach: scenario-based thinking Instead of forcing a single number, it’s more objective to build scenario-based forecasts based on the information provided by Gate’s GMT Coin page.

Gate’s built-in reference model for 2026 suggests an average range of about $0.01611, with potential volatility between $0.01272 (low) and $0.01723 (high). This should be viewed as a reference framework, not a promise.

Based on this, scenario-based GMT Coin price predictions are more realistic:

Scenario A: Post-event demand diminishes (baseline scenario)
The hype around Crazy Rabbit temporarily boosts user participation, but the market quickly reverts to range-bound oscillation, with price fluctuations and easy profit-taking. GMT Coin remains heavily dependent on the next catalyst.

Scenario B: “Cultural drops” evolve into a sustainable demand cycle (optimistic scenario)
If STEPN can turn collaborations into ongoing in-app consumption cycles (rather than sporadic bursts), GMT Coin has a better chance to hold high levels and more frequently approach the upper reference boundary. The key is user retention and repeated engagement, not just a single successful event.

Scenario C: Market risk appetite declines dominates (risk scenario)
If overall market sentiment weakens, user activity cannot be maintained, and GMT Coin may drift toward the lower end of the reference range. In this case, the market’s actual stance indicates that move-to-earn interest has not translated into sustained demand.

##Insights from the Crazy Rabbit event for the future of Move-to-earn For Move-to-earn to develop long-term, even if token rewards decrease, users must still be willing to continue using the app. The most resilient model will gradually evolve into a lifestyle product: habitual cycles, social identity, growth systems, and engaging experiences that remain attractive even in market downturns.

The value of mainstream IP collaborations lies in this: they cannot single-handedly “fix” the token economy but can:

• Reshape cultural relevance,
• Provide reasons for users to return,
• Convert participation into product habits rather than pure speculation.

If STEPN can continue to launch interesting, time-limited, engaging events while maintaining economic balance, the outlook for GMT Coin will no longer depend on hype but on product retention.

##How to track GMT Coin on Gate and avoid being misled by market noise When tracking GMT Coin weekly, it’s advisable to keep it simple and rational:

• Use Gate’s real-time market page, relying on actual market data (price ranges, trading volume, supply info) as decision anchors.
• View collaborations as catalysts but focus more on market performance after the event rather than hype at peak times.
• Do not mistake volatility for trend—especially in narrative-driven sectors like move-to-earn.

Refer to GMT Coin’s current price: StepN (GMT) real-time chart
Further reading: Monero (XMR) hits new all-time high: Why is the privacy coin sector experiencing a breakout?

##Conclusion Ubisoft’s Crazy Rabbit collaboration shows that STEPN can still create in-app events with strong cultural attributes and clear mechanisms—this design is key to attracting user return and short-term demand for GMT Coin. However, the current structure of GMT Coin on Gate still resembles tradable volatility rather than confirmed, sustained trend reversals.

A rational, objective GMT Coin price forecast should be scenario-based: if Crazy Rabbit’s hype can translate into sustained user engagement and repeated consumption cycles, the trend logic will strengthen; otherwise, it is more likely just short-term event premium, ultimately reverting to range-bound oscillation.