🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your
Ancient Whales significantly sell BTC to switch to ETH, with funds suspected to originate from a controversial trading platform.
On August 22, according to monitoring, the ancient Whale that is significantly dumping BTC and going long on ETH today has its initial funding sourced from a certain platform, which has been criticized multiple times by on-chain detectives.
The ancient Whale has sold 2,970 BTC (approximately $334 million) in the past 24 hours and bought 50,470 ETH spot (approximately $215 million), while going long on 135,263 ETH (approximately $575 million) on Hyperliquid.
According to previous reports, on February 26, 2024, a trading platform's hot wallet recorded an outflow of approximately 56 million USD on February 23. Shortly after this outflow occurred, user withdrawal requests faced processing delays, and the trading platform has yet to issue any official announcements.
On July 20, 2024, the platform announced that it would reopen withdrawal services after a five-month suspension due to an investigation, but trading and deposits would remain paused, and withdrawals would require completing KYC verification.