🚀 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
Renowned Trader Opens Massive XRP Short With 20x Leverage
The crypto market entered deeper bearish territory over the weekend, with high-risk traders opening massive shorts on major coins like XRP.
According to the data, the trader deployed a total position size of $196 million, employing 40x leverage on BTC, 20x on XRP, and 10x on ZEC. The positions break down:
The move comes amid heightened market fear after Bitcoin dipped to $92,900 over the weekend, with the crypto Fear & Greed Index hitting 10—the worst level since 2022.
“XRP Could Fall to $0.20”
Among the positions, the 20x leveraged XRP short stands out, especially as sentiment around the token continues to weaken. XRP’s price dropped 11% over the past week, trading at $2.27 despite the launch of ETFs.