Gunzilla Games’ GUN token hits $68M market cap within hours of launch

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Gunzilla Games’ GUN token — for its Off The Grid game and Avalanche subnet Gunz — is now live. 

GUN climbed up 12% since its launch early Monday morning, but has since fallen slightly. As of 11:30 am ET Monday, its price was $0.09. The token had a market cap of roughly $60 million at that time, with 604 million GUN in circulation out of a possible 10 billion. 

GUN already has a trading volume of $126 million just a few hours after launch, per CoinGecko data.

The Gunz chain has already seen over 487 million transactions across 14.5 million wallets, according to Avascan data and…

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