🚀 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!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 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
YZY Token Launch Results in 67% Trader Losses Despite Initial $3B FDV
Gate News bot message, Recent data reveals significant trader losses following Kanye West’s YZY token launch. The token’s fully diluted valuation (FDV) initially reached $3 billion before declining to approximately $680 million.
Trading statistics show that among 42,572 wallets that executed both buy and sell transactions, 67% recorded losses. One wallet reported losses exceeding $1 million, while several others experienced losses ranging between $100,000 and $1 million.