Aevo Temporarily Suspends Swell Trading for Upcoming Rebase

Aevo Announces Swell Rebase Schedule

In the latest updates from Aevo, a significant announcement has been made regarding the trading of SWELL tokens. According to a report by Odaily, Swell is undergoing a rebase that is set to take place on October 23rd at 8:00 AM UTC. This event is essential for adjusting the total supply of SWELL tokens, and it will affect trading activities on the Aevo platform.

Temporary Suspension of Trading

To facilitate the rebase process, Aevo has announced that trading of SWELL will be temporarily suspended. This suspension will commence at 4:00 PM UTC on October 23rd and is expected to last for approximately 30 minutes. During this suspension period, all limit orders for SWELL will be automatically canceled to ensure a smooth transition.

Post-Rebase Adjustments

After the rebase, traders can expect adjustments to both the contract quantity and mark price of the SWELL tokens. These changes are necessary to accurately reflect the total supply of the tokens post-rebase. Once the adjustments are complete, trading for SWELL will resume.

Importance of Staying Updated

It is crucial for traders and holders of SWELL tokens to stay informed about this upcoming rebase. Engaging with the Aevo platform and following their updates will ensure that you are well-informed about impacts on your trading strategies and overall participation in the crypto market.

Conclusion

The rebase of SWELL on October 23rd marks an important event in the evolving world of cryptocurrency trading. Being prepared for the temporary trading suspension and understanding the adjustments that will take place post-rebase are key steps for any trader involved with SWELL tokens. Stay tuned for further announcements from Aevo regarding this significant event.