Aevo has announced on the X platform that Swell is scheduled to undergo a rebase on October 23 at 8:00 AM UTC. As a result, trading of SWELL on Aevo will be temporarily suspended for 30 minutes starting at 4:00 PM UTC on the same day. During this time, all limit orders for SWELL will be automatically canceled.
It's essential for investors to be aware that the rebase will lead to adjustments in the contract quantity and mark price to accurately reflect the total supply. Following these changes, trading will resume, allowing users to continue their transactions with updated figures. This strategic move aims to enhance the operational efficiency and integrity of the Swell ecosystem, providing a more accurate trading experience for its users.
Investors should remain vigilant as these changes unfold and plan their trading strategies accordingly..