- Pin
- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will be ranked and rewarded accordingly:
A-Level:
Post on
- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
Just as we declare
- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Avalanche NFT Sales Hit 5-Month High — Is the Surge Real?
Key Notes
Avalanche
AVAX $21.65
24h volatility: 2.4%
Market cap: $9.03 B
Vol. 24h: $343.15 M
is seeing an impressive rise in its non-fungible token sales volume, mainly coming from a collection called XSY Deposit.
XSY is the company behind the algorithmic stablecoin project Unity (UTY), which received a $5 million Pre-Series A funding.
The XSY deposit fund movements are recorded as NFT sales on the Avalanche network. According to CryptoSlam data, the collection recorded $22.17 million in sales over the past 24 hours, marking a nearly 200,000% rally.
However, it’s still unclear why XSY’s transactions are being recorded as NFT sales. The lack of public information from the project regarding the XSY Deposit collection shows its limited transparency.
The sharp rise and fall in the collection’s sales volume suggest potential market manipulation or speculative trading.
The massive rise helped the Avalanche network to take the top spot with $22.18 million in trading volume — it surpassed major blockchains like Ethereum
ETH $1 845
24h volatility: 2.6%
Market cap: $222.72 B
Vol. 24h: $14.22 B
, Polygon
POL $0.24
24h volatility: 2.3%
Market cap: $2.13 B
Vol. 24h: $75.42 M
, Bitcoin
BTC $96 611
24h volatility: 2.1%
Market cap: $1.92 T
Vol. 24h: $29.09 B
and Solana
SOL $150.7
24h volatility: 2.6%
Market cap: $78.04 B
Vol. 24h: $3.80 B
, to name a few.
Moreover, the rise in NFT sales brought positive momentum to AVAX. The token is up 1.6% and is trading at $22.6 at the time of writing. Key indicators suggest a strong possibility of a bull run for the asset. However, it should be noted that market volatility and sentiment can impact an asset’s price movements.
This brings the total NFT sales to $37.14 million — a level last seen in mid-December 2024.
Similar spikes in NFT sales have been recorded with different projects, like the Pudgy Penguins’ $1.28 million sale in late April. However, the leading collections in the ecosystem have been showing massive declines.
The once-popular collection CryptoPunks, for instance, recorded only one NFT sale, worth $134,080, in the past 24 hours. Ethereum’s NFT trading volume decreased by 15% to $3.3 million.
Bitcoin, on the other hand, saw a 27% increase in its NFT sales, reaching $2.9 million, according to CryptoSlam.
nextDisclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.