#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
A certain trader frequently buys high and sells low on the MEME coin rich, losing $739,000 in 3 minutes
BlockBeats news, on December 13th, according to Lookonchain monitoring, a trader spent 198 SOL to buy meme coin rich when the price dropped. After he bought, the price experienced a big dump of 60%. In his panic, he dumped all at a price of 76 SOL, losing 122 SOL. When rich started to Rebound, the trader succumbed to fear of missing out, reinvesting 297 SOL. However, the price dropped by 60% again, and in his panic, he dumped 93.5 SOL, losing another 203.5 SOL. In total, he lost 325.8 SOL (739,000 USD) in just 3 minutes. Ironically, rich surged 30 minutes later.