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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
BONK is about to reverse and be bullish if this does not happen
Bonk (BONK), the memecoin on the Solana platform, has returned to the spotlight after rising more than 7% yesterday. While the price surged, on-chain data reveals that whales and spot traders may be driving a larger shift.
In recent days, large wallets have been quietly accumulating BONK as the price declines. According to CryptoQuant, since June 7th, whale-sized futures trading orders have begun to appear on-chain, indicating a renewed interest from large investors.
Typically, accumulation during market corrections is seen as a strong sign of confidence. In the past, such periods have often been precursors to strong price increases of BONK, especially when accompanied by increasing participation from retail investors.
In addition to the activity of whales, the Spot Taker Cumulative Volume Delta index over the past 90 days has also recorded a stable and significant increase from buyers in the spot market. This index measures the net active buying compared to selling, and the results show that buyers are dominating spot transactions.
In other words, many traders are actively buying rather than taking profits or closing positions. Such a change is often an early sign of a reversal or an uptrend.
When combined with the accumulation activities of whales, this indicates a high likelihood that BONK will enter a prolonged bull run in the coming days — as long as positive market sentiment is maintained.
The price of BONK recorded a 7% increase yesterday before declining again afterwards. However, compared to the large-cap coins that are sinking in red, BONK has regained upward momentum at 0.3% on the daily timeframe. This positive momentum is accompanied by on-chain accumulation activity and optimistic signals from the spot market.
Thus, market sentiment is becoming more optimistic after the recent correction phase. If the momentum continues, BONK could be on the verge of entering a new price increase.
However, caution is necessary as the memecoin market is known for its volatility and sudden changes in sentiment.
What lies ahead?
Both whales and retail investors are showing a positive trend, and the current increase of BONK may still have room to continue.
Nevertheless, ruling out the possibility of a short-term adjustment at this time may be premature. However, the on-chain indicators are leaning towards a bullish trend and show positive long-term prospects.
Dinh Dinh