Gravity (G) | +5% Quiet Rebound With No Headlines — Nov 1 Alpha Mainnet Shutdown Is the Real Story

TL;DR

• G (Gravity by Galxe) is up about 4.5% in 24h to $0.003425, its fourth straight positive week since a June 23 all-time low, but no specific news catalyst was found for today's move.
• The structural story is the Layer-1 transition: the Gravity L1 mainnet went live in June 2026, and the legacy Alpha Mainnet network is being shut down on November 1, 2026, forcing G stakers to withdraw and bridge assets.
• Main risk is residual dilution — roughly 1.1B G (about 9% of the 12B supply) still unlocks through September 2028 — plus a 100% bearish community sentiment read.
• Monitor: how the Nov 1 Alpha Mainnet shutdown and the closing G staking portal execute, since forced unstaking is the most tangible near-term supply event.

Data accessed: 2026-08-01, ~14:30 UTC. Prices are point-in-time and volatile.

Identity

Field	Finding	Source	Confidence
Name	Gravity (by Galxe)	CoinGecko	High
Ticker	G	CoinGecko	High
Chain	Native token on Gravity L1 (chain ID 127001); ERC-20/BEP-20 on Ethereum, BNB Chain, Base	Official docs	High
Contract	0x9C7BEBa8F6eF6643aBd725e45a4E8387eF260649 (same address on Ethereum, BNB Chain, Base)	Official docs + CoinGecko	High
Official Website	gravity.xyz	Official website	High
Official X	@gravitychain	X / Twitter	High

Disambiguation note: several unrelated projects trade under similar names — GRVT ("Gravity," a derivatives exchange token, which Bithumb listed July 31 per Google News), GFI (Gravity Finance, Polygon), and GRAV (Gravity Bridge). This brief covers only Galxe's G token; the Bithumb listing is a different asset.

Market Snapshot

Metric	Value	Source	As Of
Price	$0.003425	CoinGecko API	2026-08-01 14:31 UTC
24h Change	+4.47%	CoinGecko API	2026-08-01 14:31 UTC
7d / 30d Change	+5.50% / +5.14%	CoinGecko API	2026-08-01 14:31 UTC
Market Cap	$24.77M (rank #717)	CoinGecko	2026-08-01
FDV	$41.09M	CoinGecko	2026-08-01
24h Volume	$4.05M	CoinGecko API	2026-08-01 14:31 UTC
Circulating Supply	7.233B G (60.3% of total)	CoinGecko API	2026-08-01 14:31 UTC
Total / Max Supply	12B G / 12B G	CoinGecko API	2026-08-01 14:31 UTC
All-Time High / Low	$0.09169 (Jul 18, 2024) / $0.002556 (Jun 23, 2026)	CoinGecko	2026-08-01
TVL	$20.9M (canonical bridge); MC/TVL 1.18	CoinGecko / DefiLlama	2026-08-01

Verified cross-metrics: market cap equals 7.233B x price; FDV equals 12B x price; MC/FDV 0.60 matches circulating/max 0.60; the price sits 96.3% below ATH and 34.0% above the June ATL.

Fundamentals

Product. Gravity is Galxe's Layer-1 blockchain, positioned for "mass adoption and an omnichain future" using a parallel EVM (Grevm), AptosBFT-derived consensus, and a validator-attested native oracle. G is the native gas, staking, and governance token for Gravity L1 and the utility token across the whole Galxe ecosystem (official site, docs).

Traction. The L1 claims over 12,000 TPS with sub-second finality, more than 25M ecosystem users (31M for Galxe), and over 30M G collected in gas fees on the legacy Alpha Mainnet (transition blog, completion blog). G DAO has already executed migration governance votes GP-25 and GP-30 (migration blog). TVL is roughly $20.9M, primarily the canonical bridge holding ETH-side G (CoinGecko).

Competition. Gravity competes with other general-purpose L1s chasing the AI-agent and high-throughput narrative (e.g., 0G, Movement) and with identity/quest platforms. Its differentiation is Galxe's distribution — a large user base and an existing quest/identity product suite that can route demand to its own chain (docs, Decrypt coverage).

Tokenomics

Item	Retrieved Data	Inferred Read
Utility	Native gas on Gravity L1, staking for PoS security and G DAO governance, and the fee token across Galxe Quest, Passport, Score, Alva; Galxe Shop cash-back and Galxe Earn airdrops are paid in G (official docs).	Value accrues only if L1 activity and Galxe app fees grow; the "30M G in gas fees" figure was collected at prices near zero today, so fee capture is currently trivial in dollar terms.
Supply	12B G total and max. GAL migrated at 1 GAL = 60 G (200M GAL becomes 12B G). Post-rebalance distribution: ~11.53B on Ethereum, ~458M on BNB Chain, ~15M on Base; plus a 7M genesis validator stake on L1 (migration blog, docs).	Because G's supply derives 1:1 from GAL, all legacy GAL vesting carries over — the token was never re-denominated with a fresh cap or burn.
Allocation	Per the official release sheet (gal.org/token-table): Community 20%, Marketing 15%, Team 15%, Foundation 10%, Seed 10.63%, Strategic/Growth-Backer rounds 10.14%, Advisors & Partners 6.23%, Coinlist Public Sale 5%, Ecosystem 4.5%, Early Adopters 2%, Launchpool 1.5%.	Growth-oriented buckets (Community + Marketing + Ecosystem, ~39.5%) are offset by insider-weighted buckets (Team + Investors + Advisors, ~42%) — a materially dilutive structure if those cohorts exit.
Vesting / Unlocks	Team vests monthly through Sep 2028; Community through Jun 2027; Foundation through Sep 2026. About 18.3M GAL (~1.1B G, 9.2% of supply) still to release; residual pace roughly 60M G/month (~0.8% of circulating) (official release sheet).	Monthly dilution is small relative to volume but persistent for over two years, capping any sustained re-rating. Discrepancy to note: CoinGecko counts only 7.23B G (60.3%) as circulating versus the sheet's implied ~10.9B (90.8%) — likely reflecting un-claimed migrated G or CoinGecko's conservative accounting. Both figures are presented; the gap is unresolved from available sources.
Value Capture	Gas, staking, governance, and payments across Galxe apps (official docs).	No burn or buyback mechanism was identified in the sources; capture is indirect, driven by network utilization rather than token mechanics.

Catalysts

Catalyst	Timing	Evidence	Potential Impact
Gravity L1 mainnet transition	Began Jun 4, 2026; "completed" Jul 22, 2026	Official transition blog, completion blog	Positive — consolidates traffic, liquidity, and tooling onto one L1; also the moment G became the live native chain token.
Alpha Mainnet shutdown	Deadline Nov 1, 2026 (~3 months out)	Official completion blog	Mixed — G staking portal closes and staked G must be withdrawn; assets must be bridged off or become untransferable, which can force exits or, if handled cleanly, remove an old-chain overhang.
Chainlink CCIP integration	Prior to L1 launch (ongoing)	Official blog	Positive — canonical cross-chain infrastructure quality signal.
$50M ecosystem VC alliance	Dec 2024 (ongoing)	Official blog	Positive — ecosystem growth capital, though dated relative to today's price.
No fresh G-specific news today	Last 30 days	Google News RSS	Neutral — today's +4.5% has no identifiable headline driver; it reads as a low-liquidity rebound within a quiet range.

Risks

Risk	Severity	Evidence	Why It Matters
Residual unlock overhang	Medium	~1.1B G (9.2%) unlocks through Sep 2028 at ~60M G/month (official release sheet)	Sustained monthly sell-side supply caps re-ratings; team tranche alone runs to Sep 2028.
Nov 1 forced migration	Medium	G staking portal closes; Alpha Mainnet assets untransferable after Nov 1 (official blog)	Rushed unstaking/bridging could create a concentrated supply event just ahead of the deadline.
Prolonged drawdown and sentiment	High	Price is 96% below ATH; CoinGecko community sentiment reads 100% bearish (CoinGecko)	Negative momentum and weak sentiment tend to self-reinforce in a thin, low-float-perception market.
Thin liquidity	Medium	~$4.05M 24h volume; LBank alone ~$1.69M; top venues also HTX, BloFin, Binance, Upbit (CoinGecko tickers)	Large orders move price disproportionately; fills and exits are costly.
Circulating-supply data gap	Medium	CoinGecko 7.23B (60.3%) vs official schedule ~10.9B (90.8%) (CoinGecko API, release sheet)	Ambiguity about the true float muddies supply-adjusted valuation and dilution math.
Permissioned start / centralization	Medium	L1 launched with a small invited validator set; plan to expand to permissionless (official blog)	Validator and governance concentration is a security and narrative concern until decentralization matures.
Same-name confusion	Low-Medium	GRVT "Gravity" (Bithumb-listed), GFI (Gravity Finance), GRAV (Gravity Bridge) all trade under similar names (Google News RSS)	Buyers can easily transact the wrong "Gravity" token; always match the contract address.

Outlook

Scenario	Conditions	Read
Bull	L1 adoption accelerates, Galxe's ~31M users transact on G, validator set decentralizes, and the Nov 1 migration completes without disruption	Recovery toward the recent range high ($0.00347) and beyond is plausible; a return toward pre-migration levels would require a genuine demand story, not just supply mechanics.
Base	No major headline news; G grinds sideways near ATL while ~60M G/month of residual supply unlocks through 2028	Range-bound drift with occasional low-liquidity spikes; watchlist rather than a momentum setup.
Bear	Forced unstaking sells ahead of Nov 1, volume stays thin, sentiment stays 100% bearish	Re-test of the $0.002556 June low is possible; downside is nearer-term supply pressure with little offsetting demand.

Conclusion

G is a turnaround story in its earliest chapter: it just shipped the migration of its own Layer-1 mainnet (June-July 2026), which gives the project a cleaner long-term structure, but the token still sits 96% below its 2024 high with roughly 1.1B G (about 9% of supply) still unlocking through September 2028 and a hard migration deadline on November 1, 2026. Today's ~4.5% gain and the positive week are a quiet, headline-free recovery from a June all-time low rather than a news-driven breakout. The two things that would change the picture materially are clean execution of the Nov 1 shutdown (and what staked-G withdrawals do to supply) and any sign that on-chain activity on the new L1 is translating into G demand.

Bottom line. As a research matter, G's risk/reward depends on the L1 transition actually becoming a demand story before the residual 9% unlock completes — the thesis favors patience and monitoring the Nov 1 deadline and monthly unlock flow over chasing the current rebound.