To enhance the trading experience and optimize price precision, Gate will carry out a share consolidation (reverse split) for eight ETF leveraged tokens starting from 07:00 AM on June 5, 2025 (UTC) . The affected tokens are MASK3S, OMG3S, WIF3S, BCH3S, ETH3S, PEPE3S, ALPACA3L, AR3L, THETA3L, DOGE5L.

Share Consolidation Process:

1. Trading Suspension and Order Cancellation: Trading of the affected tokens will be suspended, and all pending orders will be automatically canceled.
2. Balance Snapshot: A snapshot of user holdings for the tokens to be consolidated will be taken in sequence.
3. 1000:1 Consolidation Ratio: The share consolidation will be conducted at a ratio of 1000:1. Users’ token holdings will be reduced to 1/1000 of the original amount, while the net asset value (NAV) per unit will increase by 1000 times. The total value of users’ holdings will remain unchanged (excluding NAV changes due to price fluctuations during the operation).
4. Completion and Resumption: Upon completion of the consolidation, trading will be resumed accordingly.

Consolidation Schedule:

If the consolidation is completed ahead of schedule, trading services for the corresponding tokens will resume earlier. Please stay updated by monitoring market.

Important Notes

1. After the merge, market prices will be significantly adjusted based on the new unit NAV. Please pay close attention to price changes when placing orders.
2. K-line (candlestick) data will be adjusted accordingly. Gate provides adjusted K-line data to optimize the user experience.
3. API users should be aware that this adjustment may affect order placement. Please update your parameters accordingly to ensure smooth trading.

Risk Warning
Leveraged Tokens carry high risk due to their built-in leverage mechanism. Price fluctuations may lead to significant gains or losses. Additionally, due to scheduled and unscheduled rebalancing, the actual return over a period may not always match the target leverage multiple. These products are primarily designed for short-term trading and are not suitable for long-term holding. Please fully understand the risks before participating.

Gate Team
Jun 03rd, 2025

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