GMGN responds to operational doubts: financially healthy, no need for continued high marketing investment

PANews reported on March 12 that rumors about GMGN’s possible mismanagement and facing a ‘collapse’ have triggered follow on social media. In response, Haze, co-founder of GMGN, posted on X platform to address the doubts, stating that the original author of the post is a GMGN user who raised questions about GMGN’s marketing strategy out of concern for the platform’s development, believing that its marketing approach is not sustainable. Haze explained that GMGN signed precise contracts with multiple KOLs as early as November last year, a decision made before the market heat of GMGN rose and the Trump coin incident. The selection of these KOLs is based on years of trust, and GMGN has already recouped its investment. At present, there is no sustained high marketing investment, the team expansion is restrained, and the business income and cash reserves are healthy. He emphasized that as a pure online company, GMGN not only focuses on core businesses such as trading platforms, trading tools, and data analysis, but also continuously optimizes infrastructure and user experience, while exploring new directions, new needs, and new pain points.