PANews reported on February 19 that according to the official announcement, due to brand reshaping and token swap, Upbit will suspend Function X (FX) deposit and withdrawal services at 10:00 am (UTC+8) on February 26, 2025; FX/BTC trading will be suspended from 1:00 pm (UTC+8) on February 28, 2025 until further notice after the name change and token swap are completed. When trading support is restored, the market name will be changed to PUNDIAI/BTC.

It is reported that $FX will be officially renamed as $PUNDIAI at 10:00 am (GMT+8) on February 25, 2025, and a 100:1 supply reduction will be implemented. After the token swap, the previous 820 million $FX tokens will be reduced to 8.2 million $PUNDIAI at a ratio of 100:1, and the scarcity will be significantly improved.