Bitget Announces 1:5 preSPAX Token Split and Ticker Change to preSPCX
Bitget states that the preSPAX split and rebrand to preSPCX are complete, with preSPCX/USDT set to begin trading on May 28, 2026 at 09:00 UTC amid possible early volatility and liquidity swings.
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Fact Check
The Bitget official support article 'Bitget 将支持 preSPAX 代币拆分及品牌升级为 preSPCX' explicitly states the 1:5 split ratio (1 preSPAX → 5 preSPCX), the ticker change to preSPCX, the delisting of preSPAX/USDT on 2026-05-28 14:00 UTC+8, and the launch of preSPCX/USDT plus swap support later the same day at 17:00 UTC+8. This is independently corroborated by Odaily and BlockBeats news flashes.
Summary
Bitget said it has completed the preSPAX token split and rebranding to preSPCX. Under the 1:5 split, each preSPAX token becomes five preSPCX tokens, and the post-split market price of each preSPCX token will be adjusted to about one-fifth of the price at the time of preSPAX delisting. The exchange said preSPCX/USDT will launch on May 28, 2026 at 09:00 UTC and warned that the large adjustment in holdings and pricing could lead to heightened volatility and short-term liquidity fluctuations in early trading.
Terms & Concepts
- Token split: A change in token denomination that alters the number of units held while adjusting the per-token price proportionally, without necessarily changing total value.
- preSPCX/USDT: The spot trading pair on Bitget that will quote the rebranded preSPCX token against the USDT stablecoin.
- Liquidity: The ease with which an asset can be bought or sold in the market without causing a large change in its price.