An address withdrew 8 million STG from Gate, and the STG price surged over 40%.

BlockBeats News, June 10th, according to Ashes Monitor, an address withdrew 8 million STG from Gate.io (worth approximately $2.2 million), causing STG to surge over 40%.

After STG was acquired by ZRO, it can only be exchanged for ZRO in a one-way manner, at a fixed exchange rate of 1 STG = 0.08634 ZRO. ZRO did not increase in price and is currently at $0.84. Based on the exchange rate, the corresponding price of STG should be around $0.07, while the current price of STG is $0.36.