According to the latest market disclosure, the total share capital of SPCX will expand from 11.87 billion shares to 13.08 billion shares. This share capital expansion may cause the underlying contract market price to experience a sudden drop and short-term sharp fluctuations. The platform cannot intervene in the number of SPCX contract positions or the opening prices held by users. This share capital adjustment operation must be completed by users independently and manually. Users can close their positions before the adjustment at the pre-adjustment price, and reopen positions after the adjustment at the post-adjustment price, to achieve a transition of equivalent value (excluding market fluctuations during the period). Below are the detailed operation instructions:
1. Important Operation Times and Rules
Important Timeline: The platform will enable Reduce-Only Mode for the SPCX perpetual contract from June 10, 2026, 08:30 (UTC), lasting approximately 30 minutes (subject to actual system execution). During this period, the system will forcibly transition to the latest equity specifications.
User Guide: To avoid the risk of price decline caused by equity dilution, users holding long positions must voluntarily close all their SPCX positions before June 10, 2026, 08:30 (UTC). After the platform lifts the reduce-only restriction and resumes normal trading, users may reopen positions based on their own risk tolerance and trading needs. Users holding short positions are not adversely affected by this adjustment and may decide whether to adjust their positions at their discretion.
2. Risk Warning and Liability Statement
-
If the user does not complete the closing and subsequent reopening of positions within the specified time, they will be deemed to have voluntarily accepted the results of this equity adjustment, and all profits, losses, position risks, and losses arising from this equity change and price fluctuations shall be borne solely by the user. The platform assumes no responsibility for compensation or liability.
-
This equity expansion constitutes a dilutive action. After the rule switch, the underlying asset price may decline. The platform strongly recommends that all long position holders strictly follow the above instructions to close positions and restart opening operations, proactively avoiding the risk of asset losses caused by volatility.
Please plan your operations in advance, pay close attention to these rule changes, and carefully manage your position risks. If you have any questions, please contact our customer support team promptly.
Gate Team
June 9, 2026
Gateway to Crypto
Trade over 4,700 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves
