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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
The next bull market prophet could be you! Want your insights to hit the Square trending list and earn ETH rewards? Now’s your chance!
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1.Join the Hot Topic Debate!
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🚨 Gate Alpha Ambassador Recruitment is Now Open!
📣 We’re looking for passionate Web3 creators and community promoters
🚀 Join us as a Gate Alpha Ambassador to help build our brand and promote high-potential early-stage on-chain assets
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A quarter of a billion vaporized in a night at LIBRA Meme Coin: 86% lost money! - Coin Bulletin
In Argentina, the LIBRA memecoin scandal resulted in 86% of investors trading over $1,000 losing a total of $251 million.
The LIBRA memecoin scandal that erupted in Argentina over the weekend led to investors losing millions of dollars.
According to research by Nansen, on-chain (on-chain) data shows that 86% of 15,430 wallets trading above $1,000 suffered a total loss of $251 million, while winners only made $180 million in profit. This situation was considered as the phenomenon of "net-negative wealth creation" which led to liquidity withdrawal from the market.
Approximately 40,000 crypto addresses investing in the LIBRA token caused prices to rise rapidly. However, this bull market excitement did not last long. With some insiders selling a large amount of tokens, the market value dropped by 90%.
The number of addresses holding the token dropped from over 50,000 on February 14th to 35,770 on February 18th. In particular, two wallets made a profit of 5.4 million dollars by buying tokens at 22:01 UTC on February 14th and selling them at 22:44 UTC.
The LIBRA scandal once again highlighted the need for investors to be cautious in the cryptocurrency market. Especially in assets with high volatility such as memecoins, the risk of turning short-term gains into significant losses is always present.