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What GHO actually is on-chain

GHO is an ERC-20 deployed on Ethereum, at contract address 0x40d16fc0246ad3160ccc09b8d0d3a2cd28ae6c2f. That address, not the ticker GHO, is what uniquely identifies this asset: anyone can deploy a second token calling itself GHO, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, GHO is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in GHO itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For GHO the project publishes a whitepaper, a public source repository and an active account as @GHOAave. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where GHO sits in the market

At #98, GHO sits in the bottom of the large-cap band, adjacent to the mid-cap cut-off. Down here the large-cap label is doing less work than it appears to. GHO is one revision away from the mid-cap band, and the practical consequences of crossing that line — index eligibility, market-maker commitments, how much size the book absorbs — change well before the ranking does.

CryptoPingAi is currently streaming 1 live GHO order book (Gate.io). That is thinner coverage than a #98 ranking would normally imply — a move on one of these books is close to the whole market for GHO, with no deep second venue to arbitrage it back. None of the books we see for GHO are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

GHO against its all-time high

GHO is 3.4% below the $1.03 record set on 2024-02-28. That is a shallow drawdown: the high itself is the nearest meaningful reference overhead, and the supply that changed hands near it is small enough that a retest is a mechanical question of flow rather than a structural one. Reclaiming the high needs only 1.04x from here. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

GHO across its historical range

The recorded range is comparatively narrow: 1.12x between $0.9171 and $1.03. Either the price history is short, or the asset is designed not to move.

GHO trades within 8.5% of the all-time low of $0.9171 set on 2023-10-24. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. The low is old enough that it has held as a floor across multiple market regimes, which is a materially different situation from a low being freshly printed.

GHO supply structure

There is no fixed maximum supply for GHO. Total supply stands at 584.0 million GHO and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. A supply in the hundreds of millions keeps the unit price in a range where round-number levels are genuinely traded, which makes price-threshold alerts more reliable than they are on high-supply tokens.

What kind of asset GHO is

GHO is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by on-chain collateral rather than by bank deposits, so the peg's real dependency is the collateral ratio and the liquidation engine behind it. The number to watch is not the price but the health of the collateral during a fast drawdown in the assets backing it. Its size is mid-range for the category — large enough to be quoted continuously, small enough that a single large redemption is visible in the price.

CoinGecko files GHO under 10 categories, including Stablecoins, USD Stablecoin, Avalanche Ecosystem, Gnosis Chain Ecosystem, Arbitrum Ecosystem. CoinGecko also records deployments on Avalanche (256 tracked tokens), Arbitrum (391 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a GHO alert that is worth receiving

GHO is the ERC-20 at 0x40d1…6c2f on Ethereum — quoted on 1 venue we stream — high dated 2024-02-28 — rank #98. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →