STEPN (GMT)
Move-to-earn fitness app. Walk/run to earn crypto rewards.
Ranked 135th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
GMT scores 101 of 250 across the 25-variable framework, which places it 135th of 251 rated tokens and inside the lower half of the set. The framework verdict is WATCH.
The score rests on Buyback and Burn 4/10, 40th of 251, Insider Selling 5/10, 42nd of 251, Market Share 5/10, 52nd of 251 and Holder Concentration 4/10, 58th of 251.
Only 51.9% of GMT's maximum supply is in circulation, so 1.93x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 48.1% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
GMT trades 99.84% below its all-time high of $4.11. Recovering that level is a 625x move, not a 99.84% one, which is the arithmetic most drawdown charts hide.
The framework score gained 101 points against the previous pass (0 to 101). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 4 | 40th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
STEPN move-to-earn app user growth and token burn mechanisms from in-app spending.
Principal risk
Unsustainable tokenomics and user fatigue from declining reward rates in fitness apps.
Market and supply
| Price | $0.006776 |
| Market cap | $21.1Mrank 775 |
| All-time high | $4.1128 Apr 2022 |
| Circulating supply | 3,111,400,155 |
| Eventual supply (max supply) | 6,000,000,000 |
| Dilution to full supply | 1.93x |
| Listed on | Binance, Bybit, Coinbase |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to GMT measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for STEPN (GMT)?
- GMT scores 101 out of 250 on the 25-variable framework, ranking 135th of 251 rated tokens (lower half). The framework verdict is WATCH.
- What are GMT's strongest fundamentals?
- GMT ranks highest on Buyback and Burn 4/10, 40th of 251, Insider Selling 5/10, 42nd of 251, Market Share 5/10, 52nd of 251 and Holder Concentration 4/10, 58th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- How much GMT supply is still to enter circulation?
- 51.9% of eventual GMT supply is circulating today, leaving 1.93x the current float still to arrive. At a flat price per token that is 48.1% of fully diluted value ahead of current holders.
- How far is GMT from its all-time high?
- GMT trades 99.84% below its all-time high of $4.11. Returning to that high requires a 625x move from the level used in this scoring pass.
- Which tokens have a similar profile to GMT?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to GMT are YGG (95), SNT (92), BTT (76) and WAXP (81). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for GMT?
- STEPN move-to-earn app user growth and token burn mechanisms from in-app spending.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.