Bitcoin Forum

Hi I bought 1262.81 WNXM1D3S on 24 of April 2021 at time 04:26:16 on Hotbit.
Today I log in and their is only 126.571 WNXM1D3S and the price has jumped. So I am missing 1135.8 WNXM1D3S, this the second time this has happened.

Anyone know what I should do and how do I find the tx hash on hotbit.

Thanks if any of you good folks can be of help. :)

anyone   :)

That means price up of that coin and lower the amount of the asset, right? As I can see due to WNXM1D3S's price is lower than 0.1 USDT hotbit has merge the share of leverage of this coin. That means the asset amount come to 10x less and the price of that asset up 10x. So you are safe and don't worry about it.


Read bellow: Hotbit Will Merge the Shares of Leveraged ETF Products WNXM1D3S,UMA1D3L and LINK1D3L on April 25th, 2021 (https://hotbit.zendesk.com/hc/en-us/articles/1500008193281-Hotbit-Will-Merge-the-Shares-of-Leveraged-ETF-Products-WNXM1D3S-UMA1D3L-and-LINK1D3L-on-April-25th-2021)

I have 126 tokens left worth 65.00, if I had the 1262 tokens like I had last night. They would be worth alot more so I am losing out on a large amount.

don't panic, then use stop loss trading or maybe you immediately sell it when the price looks profitable. then move your assets to an exchange which is much more convenient and which you can control more effectively. like Binance, instead of you feeling uncomfortable trading there.
use an exchange that makes you not too worried about assets that have a large portfolio.

You need to follow up their announcement on the token you are thinking they stole from you. I don't think Hotbit exchange do so. They are not top exchange but not a too small and scam one.

It is common for exchanges and crypto projects when they change total supplies of coins or tokens. They can run swap with different ratio, such as 1:1, 1:10, 10:1, etc.

In your case, it can be something with the 10:1, swap or merge (as others said above). You can not ask for double benefit: price rises 10x and the ratio is 1:1. Mostly, price rises 10x because of the swap ratio is 10:1. If the swap ratio is 1:1, price would stay the same or rise a few percent or only 2x.

10:1 ratio, for example, can give a fake feeling of scarcity that in turn lifts up the price.

Thanks for the info, all new to me  :)

Contact support service with this question, I think they will help you there. If this is not the first time you have encountered such a problem and it does not depend on your browser and cookies, then it is better to simply not use such exchanges for trading.

It seems that you didn't read the link posted by sujonali1819
According to them WNXM1D3S, UMA1D3L, and LINK1D3L will merge on the 25th of April (https://hotbit.zendesk.com/hc/en-us/articles/1500008193281-Hotbit-Will-Merge-the-Shares-of-Leveraged-ETF-Products-WNXM1D3S-UMA1D3L-and-LINK1D3L-on-April-25th-2021) so there is a slight price jump around x10, that is why they multiply it to 0.1 to make it fair about the little price spike due to merge.

And don't worry the value of your token in USDT still the same it's just on their side with a little issue on their graph after merging.