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- 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
📸 Theme: #GateAnywhere🌍
Let’s bring Gate’s blue and white to every corner of the world.
— Open the gate, Gate Anywhere
Take your Gate merch on the go — show us where blue and white meet your life!
At the office, on the road, during a trip, or in your daily setup —
wherever you are, let Gate be part of the view 💙
💡 Creative Ideas (Any style, any format!)
Gate merch displays
Blue & white outfits
Creative logo photography
Event or travel moments
The more personal and creative your story, the more it shines ✨
✅ How to Partici - 🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
O
Token YZY caused 105 traders to lose 100,000 - 1 million dollars out of a total of 75 million dollars wiped out.
Kanye West's YZY Token on Solana has caused significant losses for investors. According to Bubblemaps, over 70,000 wallets participated, but 51,862 wallets incurred losses, with total losses exceeding 26 million USD. Among them, 105 wallets lost between 100,000–1 million USD, and three wallets lost over 1 million USD. On average, each wallet lost about 250,000 USD.
YZY once reached a market capitalization of 3 billion USD before collapsing by more than 90% in just a few hours. Meanwhile, only 11 wallets (0,015%) made over 1 million USD, accounting for the majority of the 18.9 million USD in profits. Overall, only 26% of wallets were profitable, but 86% of these earned less than 1,000 USD. Less than 1% of wallets made over 10,000 USD, capturing up to 88% of the total profits.
The reason for the loss comes from 94% of the initial supply being controlled internally and high transaction fees, causing buying and selling costs to reach 10%. The incident exposes the brutal risks of the memecoin market.