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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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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
Ethena (ENA) holds its upward momentum after the unlock of 40 million tokens – What is the next step?
On June 2nd, over 40 million ENA tokens were officially unlocked, raising concerns about a significant market correction. However, contrary to expectations of a massive sell-off, the native token of Ethena demonstrated impressive strength against the increased supply pressure.
This move not only reinforces investor confidence but also opens up new growth prospects for ENA. With a solid recovery momentum and market sentiment gradually leaning towards the positive, this altcoin could certainly set new price milestones in the near future.
Traders rush into ENA as 40 million tokens are unlocked.
According to Tokenomist, nearly 41 million ENA tokens — equivalent to over 12 million USD at the current market price — were unlocked at around 2 PM on Monday ( Vietnam time ).
The next step for ENA: Check support or break above the $0.41 mark?
Currently, ENA is trading at $0.33, above the strong support zone established around the $0.25 level. If buying momentum continues to pour in, this token could very well break towards the $0.35 price range.
! ENA/USDT Daily Chart | Source: TradingViewIn case ENA breaks through this important resistance, the rally will be pushed even stronger, with the next target being $0.44.
However, if selling pressure increases, ENA is likely to face deeper adjustment pressure, pulling the price back to the support zone of $0.25.
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