📢 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
Shorooq clarifies: The fall of OM is not due to a hacker attack or team selling.
ChainCatcher news, the investor Shorooq Partners issued a statement clarifying: the fall was not due to a hacker attack or team sell-off, but triggered by large-scale Forced Liquidation, which subsequently led to panic dumping during low Liquidity periods. Shorooq emphasized that its position as a long-term equity investor remains unchanged and publicly disclosed relevant Wallet Addresses to demonstrate transparency. Some analysts pointed out that this crash was caused by leverage requirements and forced changes at levels, while the lack of market makers in non-Centralized Exchanges exacerbated the problem. According to previous reports, before the significant fall in the price of OM, it was suspected that a partner wallet of the Middle Eastern investment firm Shorooq Partners received a transfer of 2 million OM.