🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
10x Research: The potential selling pressure of the OG wallet is a key reason why Bitcoin has struggled to rise significantly over the past six months.
PANews reported on July 5 that 10x Research published an analysis stating that since Trump attended the Nashville Bitcoin Summit in July 2024, a significant shift has been occurring behind the scenes. Eight dormant Satoshi-era Bitcoin wallets, which had been inactive for 14 years, were reactivated on Friday, with a total transaction volume of $8.6 billion. These "OG" wallets have been a persistent issue in the market (potential selling pressure) and a key reason why Bitcoin has struggled to achieve significant gains over the past six months, although there are no clear indications that these wallets intend to sell. The so-called "Mega Whales," referring to early Bitcoin miners and long-term holders, have begun to gradually sell off their held Bitcoins. Early holders are gradually shifting towards ETFs and corporate bonds. A covert tug-of-war is unfolding between long-term "OG" holders and institutional whales, with only one side able to ultimately prevail.