Zeta Foundation announced the phasing out of the ZEX tokens and cancelled the previous arrangement for the transfer of the original BULLET coins at 1:1 ratio. As the original platform ceased to operate in May 2025, the subsequent disposal of this old currency became a current priority for the project.

The original relocation commitment was withdrawn.

In a blog published on July 13th, the Foundation stated that there would be no subsequent automatic migration, guaranteed exchange, token exchange or 1:1 conversion. According to the projector, ZEX continued trading after the platform was closed, but lacked active products and continued use.

This is clearly different from the project ' s earlier public statements. In March 2025, when Zeta Markets published the Bullet Test Network, it was stated that the ZEX community would move to the future new token at 1:1 percent after the Bullet main online line. The ZEX Token Migration content is currently removed from the Bullet document.

A snapshot was completed on 10 July

The Foundation stated that, as of 13 July, all existing pledge slots could be released and the holder could redeem the coin itself. At the same time, Bullet launched an optional permanent locking plan which lasted until November 13, 2026.

The project participants stressed that participation in the plan did not represent that the holder would receive future tokens, allocations, awards, credits or other interests. The Foundation further states that the scheme is run by Bullet and is independent of Zeta itself and does not constitute relocation or currency exchange.

  • It's July 10th.
  • About 188.8 million ZEX
  • About 23,992 wallets

Post-exchange price pressure

The bulletin mentioned that Bybit had removed the ZEX/USDT spot transaction on 24 June, but retained the coin function; KuCoin stopped the spot transaction on 18 June and indicated that it was open until 20 July. The Foundation reminds holders to transfer tokens to their own wallets because exchange balances cannot automatically be included in the snapshot.

After the news was released, the community questioned the rapid warming. A user on X accused the team of deleting the migration expression before publishing the decision. As at the time of the submission, Zeta Markets, Bullet and members of the core team had not provided further clarification in the official X account.

According to the original data, the latest ZEX price is approximately US$0.004571, a decline of about 63 per cent compared to the announcement of 13 July, a decline of about 93 per cent during the year and a return of over 98 per cent over the historical high of $0.30.