New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Late at night, I was awakened by messages in the group, revealing that 410 trillion SHIB tokens had been sent to an "unreachable" address. Once the news broke, the candlestick charts on trading apps started to fluctuate, and the group members went into a frenzy. A friend excitedly called me: "This burn is unprecedented, the supply has been halved directly, we're about to take off!"
I stared at the phrase in the blockchain record that said "no private keys or recovery possible," but I felt increasingly uneasy.
A piercing question suddenly arose: how can we be so sure that these 410 trillion tokens have truly disappeared forever? If even the act of burning can be misunderstood or manipulated, then what is this crazy trading activity in the market actually based on?
It sounds like worrying over nothing, but upon reflection, it actually hits the weakest point of the cryptocurrency market.
**Information, verification, trust—how solid is the chain?**
Every time there's a large burn event, the market starts telling the story of "scarcity." But where does this story originate?
You might have heard this news from a well-known figure or community, or seen a push notification on a market site. Then you go to a blockchain explorer to verify, find that black hole address, and see the transfer records and zeroed-out balance. In this way, you choose to believe: this address is indeed uncontrolled, this transaction is irreversible, and all nodes have synchronized this data.
It seems logically sound, but in reality, risks are everywhere. The information source might not be timely, or it could be carefully curated; ordinary users find it difficult to verify the details behind it; once market sentiment rises, rational judgment can easily be drowned out—that's the reality.