📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Sonic Labs co-founders: Dislike the behavior of exploiting the Hyperliquid mechanism; the leverage multiplier cannot be set as a fixed value.
PANews March 26 news, regarding today’s address imitating the previous whale operation on Hyperliquid with 50x leverage, dumping 398 million JELLY short orders to Hyperliquid, triggering Hyperliquid's treasury to face liquidation and losses, Sonic Labs co-founder Andre Cronje stated on X platform: I hate this practice (using Hyperliquid mechanism). Position size should not be a fixed function of leverage, but should depend on available liquidity and actual fluctuation. For example, small positions can have 1000x leverage, while large positions can have 1.2x leverage. In the DeFi space, leverage cannot be set as a fixed value.