Zeta Markets will pause the buying and selling of RNDR on Monday, July 22 at 9 am UTC on account of Render’s upcoming improve.
On Friday, Zeta Markets notified its customers through X that due Render’s (RNDR) token migration to RENDER, the platform will droop buying and selling of the present ERC-20 token. Render expects to transition from the present ticker image to RENDER on July 26.
Exchanges to assist RNDR to RENDER migration
Zeta Markets’ announcement comes as a lot of the high cryptocurrency exchanges announce assist for the improve.
Binance, OKX, Crypto.com, Kraken, and KuCoin are amongst these to disclose plans to mechanically improve RNDR to RENDER for his or her customers.
Within the Friday replace, the Zeta Markets staff stated the buying and selling halt may also see all open positions for RNDR-PERP settled on the token’s prevailing value on the PYTH oracle value feed.
“In case you select to depart your positions as they’re, on the halt time your unrealized P/L will mechanically convert into realized P/L (settled in USDC),” Zeta Markets warned its customers.
To keep away from this, customers have the choice of closing their RNDR positions forward of the scheduled suspension. Zeta will announce any future re-listing of RENDER on the time it’ll have taken such a choice, the announcement reads.
Render community exercise spikes
Render has registered a marked improve in community exercise forward of the improve. On-chain information exhibits the Render lively deal with depend hit a brand new peak on July 15, with IntoTheBlock indicating there have been over 1.13k new addresses on the day.
The 7-day change for brand spanking new addresses is at present 27.20%, whereas lively addresses and zero-balance addresses on the Render community have elevated 50.26% and 126.13% prior to now week.
Render lively deal with chart
Render has additionally witnessed a spike in transaction depend forward of the extremely anticipated improve.
Over the previous 30 days, transactions between $1.00 and $10 have elevated 627%, whereas the 30-day change for transactions valued at $10.00 – $100.00 is 459%. Giant transactions involving greater than $10k surged 70% over the previous month.
Nevertheless, the RNDR value has dropped over 18% prior to now 30 days, from highs above $8.20 to the present degree of $6.48.
