Gate will rename PumpBTC (PUMP) to PumpBTC (PUMPBTC). As part of this process, Gate will suspend the deposit, withdrawal, and trading services for PumpBTC (PUMP), including the PUMP_USDT spot trading pair, quantitative grid trading services, Simple Earn, and margin trading, starting on June 5, 2025, at 05:00 UTC. Gate will suspend the PUMP3S and PUMP3L leveraged tokens, starting from June 5, 2025, at 03:00 UTC. After the Renaming, PumpBTC (PUMP) will be relisted on Gate with the new trading ticker PUMPBTC.

Details:

1. Gate will disable new margin borrowing and crypto loan services for PumpBTC (PUMP) before June 4, 2025, at 10:00 UTC.
2. Users with ongoing trades in the futures trading market are encouraged to adjust your strategies in advance. From June 5, 2025, at 02:30 UTC, the PUMP_USDT futures trading market will switch to a “Reduce-only” mode.
3. On June 5, 2025, at 03:00 UTC, Gate will automatically settle open positions at the average index price in the half-hour before the futures trading stops. Any outstanding orders will be canceled automatically. Users with open positions in the futures market should adjust your strategies and close positions before June 5, 2025, at 03:00 UTC to avoid automatic settlement.
4. Starting from June 5, 2025, at 03:00 UTC, Gate will suspend the PUMP3S and PUMP3L leveraged tokens. A Net Asset Value (NAV) snapshot of user holdings will be taken at the time of trading suspension for settlement purposes, users holding any of the above tokens at the time of trading suspension will have their positions automatically converted to USDT based on the Net Asset Value (NAV) at the time of the snapshot. The USDT will be credited to user accounts within 7 working days, and the corresponding tokens will be removed from wallets. We strongly recommend that users manage their holdings in advance.
5. Starting from June 5, 2025, at 05:00 UTC, Gate will suspend the deposit, withdrawal, and trading services for PumpBTC (PUMP), including PUMP_USDT spot trading pair, PUMP3S and PUMP3L leveraged tokens, quant grid trading, Simple Earn, and margin trading.
6. Users with ongoing PumpBTC (PUMP) quant grid trading should adjust your trading strategies beforehand. Otherwise, the trades will be terminated automatically before June 5, 2025, at 05:00 UTC.
7. Users with assets in Simple Earn may manually redeem them in advance. Otherwise, the assets will be liquidated before June 5, 2025, at 05:00 UTC.
8. Users with outstanding PumpBTC (PUMP) loans in the margin trading market should repay the loans in advance. Otherwise, the loan will be settled automatically before June 5, 2025, at 05:00 UTC.

This renaming only encompasses the alteration of the token ticker and does not involve the swap or migration of blockchain. Gate users do not need to take any additional actions, and the security of user assets will not be affected. Once the renaming is complete, the tokens will be re-evaluated and re-listed with the new ticker. Please stay tuned for further announcements.

Deposit PUMP: https://www.gate.com/myaccount/deposit/PUMP
Trade PUMP: https://www.gate.com/trade/PUMP_USDT

Gate Team
Jun 4th, 2025

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