🎉 #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
The Ethereum market has seen significant changes, with prices rising by 200 points in a short period. This sudden increase is directly related to Tether's issuance of 2 billion USDT on the Ethereum network. The issuance was completed through two transactions in the late night, injecting a large amount of liquidity into the market.
This move not only satisfies investors' demand for safe havens in a volatile market but also promotes the inflow of funds into the Ethereum ecosystem. As a result, the price of Ethereum has risen.
This issuance reflects the complex dynamics of the cryptocurrency market, particularly the important role that stablecoins play in influencing the prices of major cryptocurrencies. It also highlights the ongoing demand for liquidity in the market, especially during periods of price volatility.
As this additional USDT enters the market, investors and analysts are closely monitoring its potential long-term impact on the Ethereum ecosystem and the broader cryptocurrency market. This event once again proves that in the world of cryptocurrency, the movements of stablecoins often trigger significant market reactions.