Gate Released 23,730 SpaceX Units
The exchange has initiated a conversion for eligible account holders at a 1:1 ratio.
Updated on Oct. 3, 2026 in Investing
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Gate has released 23,730 SpaceX units to eligible holders on a 1:1 basis. This distribution represents 14% of the original total amount.
Why it matters
The release provides liquidity to participants as a portion of previously locked assets becomes available for trade. It impacts the current holdings of users who maintained balances at the time of the account snapshot.
The release represents 19.18% of the SPCX balance held at the account snapshot, with 27% of total units having been unlocked prior to this event. Currently, 73% of the total units remain locked.
The players
Gate
Gate is an exchange platform that facilitates the trading and management of various digital assets and stock units.
The details
Eligible holders receive shares through the exchange's stock account system based on their holdings at the time of the snapshot. This conversion applies a 1:1 ratio to the units distributed in this latest unlock phase.
Timeline
Gate released 23,730 SpaceX units on October 3, 2026, at 8 a.m. ET.
Market Dynamics
This unit release follows the parameters established during the 2026 SPCX balance account snapshot. It marks a transition in liquidity for asset holders as the exchange manages the gradual unlocking of these units.
Holders of SPCX units may now see the converted shares reflected in their exchange stock accounts based on their snapshot eligibility. Investors should verify their updated balances to understand the impact on their current portfolio allocations.
The takeaway
The conversion process allows investors to gain access to their assets at a defined 1:1 ratio. Users should monitor their account activity to confirm the receipt of the distributed shares following the recent unlock.
Further reading
For more information on market events, visit the Investing section.
Source note: This article includes information reported by TokenPost.
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