[//]:content-type-MARKDOWN-DONOT-DELETE To enhance trading experience and optimize price precision, Gate will carry out a token consolidation for a total of 10 ETF leveraged tokens—LAUNCHCOIN3L, PROMPT3L, PI3L, STRK3L, BABY3L, SPK3S, MOODENG3S, CRV3S, DOT3S, and MANA3S—starting from ** 07:00 (UTC) on July 28, 2025**. The consolidation will be executed sequentially. **The consolidation process is as follows: ** 1. Trading pairs of the affected tokens will be temporarily suspended, and all open orders will be automatically canceled. 2. Snapshots of users' holdings for each ETF leveraged token involved in this consolidation will be taken sequentially. 3. Token will be consolidated at a 1000:1 ratio, reducing users' holdings to 1/1000 of their previous amount. The NAV per unit will increase 1,000-fold, while the total value of users' holdings remains unchanged (excluding any net value fluctuations caused by price movements of the underlying assets during the process). 4. Trading will resume upon completion of the consolidation. **The ETF leveraged tokens subject to this consolidation and the corresponding schedule are as follows: ** | **Currency** | **Trading Closure and Snapshot Time** | **Estimated Duration** | **Consolidation Ratio** | | :--- | :--- | :--- | :--- | | LAUNCHCOIN3L, PROMPT3L, PI3L, STRK3L, BABY3L, SPK3S, MOODENG3S, CRV3S, DOT3S, MANA3S | July 28, 2025, 07:00 (UTC)| 3 hours | 1000:1 | If the consolidation is completed ahead of schedule, the corresponding trading services will be restored accordingly. Please stay updated on market conditions. **Important Notes** 1. After the consolidation, market prices will be significantly adjusted according to the new NAV per unit. Please check the prices carefully before placing orders. 2. Candlestick data will be adjusted accordingly. Gate provides adjusted candlestick data to optimize the trading experience. 3. For API users, please note that this adjustment may affect your order operations. Please update your parameters promptly to ensure smooth trading. **Risk Warning** Leveraged tokens carry higher risks due to their built-in leverage mechanism, and price fluctuations may result in significant gains or losses. In addition, because of scheduled and ad-hoc rebalancing, cumulative returns over a given period may not fully align with the target leverage. Leveraged tokens are primarily suitable for short-term trading and are not intended for long-term holding. Please make sure you fully understand the associated risks before trading. Gate Team July 24, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily **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

Gate to Conduct Consolidation for 10 Leveraged ETF Tokens Including LAUNCHCOIN3L and SPK3S