Binance to adjust SNDKUSDT for an 8:1 split: schedule and risks
Verified fact: Binance published the adjustment notice on November 11 and updated it on the 12th. The operation follows the 8:1 forward split announced by Sandisk on October 29: the SNDKUSDT contract multiplier will be 8.
On November 20 at 00:30 UTC, Binance will terminate bots for this contract and close their positions; during the adjustment, it will cancel open orders, including TP/SL orders. The process begins at 01:00 and is expected to continue until 05:25. From 05:25 to 05:30, only Post-Only orders will be allowed. Trading will resume at 05:30 with Last Price Protected (LPP), expected to remain in effect until 14:30, when the gradual transition to standard mark price calculation will begin.
Open positions are closed first; unrealized PNL is credited to Cross Margin Futures. In isolated mode, margin and realized PNL are transferred to Cross Margin, and positions are re-established based on the initial margin for the selected leverage. The process could finish earlier: check the status in the interface or in exchangeInfo.
Market snapshot, not a signal: when checked, SNDKUSDT was trading at 846.26 USDT (-3.094%) with 416.66 million USDT in 24-hour volume; BTCUSDT was at 64,393.60 (-5.810%) and ETHUSDT at 1,770.47 (-8.195%). This is a snapshot of broad market pressure, not a causal explanation or a promise about the price after the split.
Before the event, review bots, conditional orders, margin, and schedules in UTC. A corporate adjustment does not eliminate the risks of volatility, liquidity, liquidation, or operational changes; TradFi Perps also do not represent shares or imply backing by the issuer.
$SNDK $BTC $ETH
Educational Content. Not financial advice.
#BinanceFutures #SNDK #StockSplit #GestionDeRiesgo #EducacionCrypto
Verified fact: Binance published the adjustment notice on November 11 and updated it on the 12th. The operation follows the 8:1 forward split announced by Sandisk on October 29: the SNDKUSDT contract multiplier will be 8.
On November 20 at 00:30 UTC, Binance will terminate bots for this contract and close their positions; during the adjustment, it will cancel open orders, including TP/SL orders. The process begins at 01:00 and is expected to continue until 05:25. From 05:25 to 05:30, only Post-Only orders will be allowed. Trading will resume at 05:30 with Last Price Protected (LPP), expected to remain in effect until 14:30, when the gradual transition to standard mark price calculation will begin.
Open positions are closed first; unrealized PNL is credited to Cross Margin Futures. In isolated mode, margin and realized PNL are transferred to Cross Margin, and positions are re-established based on the initial margin for the selected leverage. The process could finish earlier: check the status in the interface or in exchangeInfo.
Market snapshot, not a signal: when checked, SNDKUSDT was trading at 846.26 USDT (-3.094%) with 416.66 million USDT in 24-hour volume; BTCUSDT was at 64,393.60 (-5.810%) and ETHUSDT at 1,770.47 (-8.195%). This is a snapshot of broad market pressure, not a causal explanation or a promise about the price after the split.
Before the event, review bots, conditional orders, margin, and schedules in UTC. A corporate adjustment does not eliminate the risks of volatility, liquidity, liquidation, or operational changes; TradFi Perps also do not represent shares or imply backing by the issuer.
$SNDK $BTC $ETH
Educational Content. Not financial advice.
#BinanceFutures #SNDK #StockSplit #GestionDeRiesgo #EducacionCrypto
