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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
According to the data, large Whales have entered the accumulation phase in these three altcoins, while they are selling one altcoin!
Cryptocurrency analyst Joao Wedson conducted an in-depth analysis of Coin Days Destroyed (CDD) trends across major UTXO blockchains, including Dash (DASH), Litecoin (LTC), Dogecoin (DOGE), and Zcash (ZEC).
CDD is an important metric used to measure the movement of old coins in a blockchain. It is calculated by multiplying the number of coins transferred by the number of days they have remained inactive. This helps analysts determine whether long-term holders are selling their assets or continuing to hold them.
Wedson noted that it is important to monitor CDD in UTXO-based blockchains that operate similarly to Bitcoin's transaction structure. While this metric is generally applied to Bitcoin, his latest research expands the focus to DASH, LTC, DOGE, and ZEC.
When CDD rises, it indicates that old coins are being moved and is generally associated with selling activity. Wedson pointed out significant increases in CDD for these assets that coincide with local price peaks in December 2024 and January 2025:
According to Wedson, these sudden surges indicate that long-term holders are taking advantage of high prices to sell their holdings. Additionally, it has been observed that large institutions are selling coins, which is a common occurrence at these market peaks.
After the peak, the CDD metric has shown a downward trend for DASH, LTC and DOGE. According to the analyst, this decline indicates a accumulation phase where investors are holding onto their coins and are confident in future price increases. The decrease in CDD also indicates that selling pressure has reduced, which typically leads to price stabilization and potential upward momentum.
Unlike the other three cryptocurrencies, ZEC's CDD remains high, indicating that selling pressure is still ongoing. This situation could mean that investors continue to liquidate their holdings, potentially leading to further price declines for ZEC.