Due to the unusually severe decline of the Piggycell (PIGGY) project, and in order to ensure the security of all user assets, Gate has suspended the deposit for Piggycell (PIGGY) at the request of the project team. Furthermore, the withdrawal and trading services for Piggycell (PIGGY) will be suspended at 06:00 UTC on December 8, 2025.
Gate has disabled deposit for PIGGY.
Gate will suspend Piggycell (PIGGY) withdrawal and trading services, including the PIGGY_USDT spot pair, quantitative grid trading, Simple Earn, and margin trading on December 8, 2025, at 06:00 UTC.
Gate has disabled new leveraged lending for the relevant tokens.
For users with outstanding Piggycell (PIGGY) margin loans, please repay your loans in advance. Otherwise, the loans will be automatically settled by December 8, 2025, at 06:00 UTC.
By 07:30 UTC on December 8, 2025, the PIGGY/USDT futures trading will be set to “reduce-only” mode. If you have active positions, please adjust your strategy in advance.
At 08:00 UTC on December 8, 2025, All PIGGY/USDT positions will be automatically settled based on the average index price from the last 30 minutes before suspension. All unfilled orders will be canceled. Please close your positions before this time to avoid forced settlement.
Spot Trading: Adjust your trading strategies in advance to avoid potential losses.
Contracts Trading: Handle your open positions proactively to avoid forced liquidation by the system.
Leverage Trading: Repay your lending promptly. Failure to repay by the deadline will trigger automatic repayment.
Deposit, withdrawal, and trading services will be reopened at the earliest opportunity once security is confirmed. Any further changes will be announced separately. Thank you for your understanding and support.
Official Announcement: https://x.com/piggycell/status/1996927966811750832
Gate Team
December 8, 2025
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