💞 #Gate Square Qixi Celebration# 💞
Couples showcase love / Singles celebrate self-love — gifts for everyone this Qixi!
📅 Event Period
August 26 — August 31, 2025
✨ How to Participate
Romantic Teams 💑
Form a “Heartbeat Squad” with one friend and submit the registration form 👉 https://www.gate.com/questionnaire/7012
Post original content on Gate Square (images, videos, hand-drawn art, digital creations, or copywriting) featuring Qixi romance + Gate elements. Include the hashtag #GateSquareQixiCelebration#
The top 5 squads with the highest total posts will win a Valentine's Day Gift Box + $1
Whales Invest Heavily in $PEPE with 10x Leverage, Facing Losses
A whale address 0x507…BeDb6 recently took a high-risk move by opening a long term 10x leveraged position on PEPE using the decentralized exchange Hyperliquid. This position, established on March 24th, had an entry price of $0.00814 for 1,000 PEPE. This strong bet has brought the total position size of the whale to about 27.53 million dollars. However, market volatility has been quite uncomfortable, resulting in an unrealized loss of 3.238 million dollars. The current pressure on the price of PEPE has put the whale in a precarious position. Margin Management to Prevent Liquidation To counter liquidation risks, whales have actively managed their margins. In the past 21 hours, the address has sent an additional 3.818 million USDC to their Hyperliquid account. This move effectively reduces immediate liquidation risk at a price of $0.005219. Such margin injections are a common strategy among large-scale traders to maintain their position in volatile markets. Although this provides temporary relief, whales remain vulnerable to subsequent downward moves.
Market Impact and Speculation The activities of whales have attracted significant attention in the cryptocurrency community. Large leveraged positions can influence market sentiment and lead to unpredictable price fluctuations. Additionally, with PEPE being a meme coin, its volatility tends to be higher, further increasing the risk. Traders and investors will closely monitor how whales navigate this high-risk scenario. Will the market move in their favor or is more room needed to counter liquidation?