According to @cas_abbe, Gate.io has launched CandyDrop Phase 58, offering 20 million NERO tokens, valued at $400,000, as rewards from July 28 to August 7. Traders can participate through three methods: VIP Trade with a fixed 10,000 NERO reward, Spot Trade for up to 10,000 NERO, and inviting friends for up to 10,000 NERO. This event can boost NERO trading volumes and liquidity, providing active traders with multiple reward channels and potentially impacting NERO price movements. Source: @cas_abbe.

According to CrypNuevo, Blofin is launching a new crypto trading competition following the success of the previous event, where all rewards were distributed on time (source: @CrypNuevo on Twitter, May 26, 2025). All users who joined under CrypNuevo’s referral link are automatically entered and can check their ranking. The competition is open to new registrations, offering traders an opportunity to compete for rewards, potentially increasing trading volumes and liquidity on Blofin’s crypto exchange. Such trading competitions often drive short-term volatility and trading activity in listed cryptocurrencies, impacting immediate market behavior (source: @CrypNuevo on Twitter).