🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
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💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
The data adds up when you look at it closely.
One-hour window saw $1 billion wiped out through liquidations. Stretch that to a full day? We're talking $2 billion gone. BTC dropped hard into the $81k-82k zone during this mess.
Meanwhile, ETFs experienced significant outflows. Then some early adopter decided to unload a $1.3 billion position.
Was this coordinated? Hard to say for certain. But what's crystal clear—this was a serious selling event that set off a cascading wave of forced liquidations across the board.