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- 🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
#TOKEN2049# is just around the corner, and Gate is bringing the heat to Singapore!
Token of Love Music Festival, Gate x Oracle Red Bull Racing Reception, and the F1 Race Viewing are all set to roll out!
Join Square Fun Quiz Challenge now, test how much you know about the events and share $100 BTC in rewards!
To join: Comment your answers (format: 1B 2A 3B 4C)
🎁 Rewards: 3 lucky winners each day → $10 BTC each
👑 Bonus: Answer all questions correctly for 3 days → Extra $10 BTC for Super Quiz King!
📖 Day 1 · Quiz (Single Choic - 💥 Gate Square Event: #SOMI Creative Contest# 💥
Post original content related to SOMI or CandyDrop #76 on Gate Square for a chance to share 180 SOMI rewards!
CandyDrop 76: CandyDrop x Somnia (SOMI)👉 https://www.gate.com/announcements/article/46912
📅 Event Period: Sep 8, 2025 – Sep 15, 2025
📌 How to Participate:
Post original content related to SOMI or the CandyDrop event
Minimum 80 words
Add hashtag: #SOMI Creative Contest#
Include CandyDrop participation screenshot
🏆 Rewards:
🥇 1st Prize (1 winner): 60 SOMI
🥈 2nd Prize (3 winners): 30 SOMI each
🥉 3rd Prize (6 winners): 10 SOMI each
(T - 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC)
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.