Lumiwave Agreement (LWP) recharge and withdrawal functions suspended

Lumiwave Agreement (LWP) deposit and withdrawal suspended, token migration to independent main network

Due to the project migration from the original LumiWave (LWA) token to the new independent main network, the Lumiwave Agreement (LWP) deposit and withdrawal business has been temporarily suspended, and the exchange has simultaneously suspended transfers to implement 1:1 automatic token redemption.

This suspension is an operating status change related to the planned network migration and is not a permanent stop. The suspension of deposits and withdrawals is to ensure that user balances can be safely converted from old LWA tokens to new LWP tokens to avoid changes in funds during the migration process.

Gate Exchange issued an announcement on April 1 stating that in order to support the migration to the Lumiwave agreement, LWA's deposit and withdrawal and transaction services will be suspended from 08:00 (UTC) on April 2, 2026. The exchange said that user LWA balances will be automatically redeemed, so most centralized exchange holders do not need to do it manually.

Gate suspension deadline: April 2, 2026, 08:00 UTC

Gate has set April 2, 2026, 08:00 (UTC) as LWA's deposit, withdrawal and transaction deadline during the LWP migration period.

For holders, the deposit and withdrawal suspension means that during the suspension period, transferred transfers may not reach the account, while transferred transfers may remain pending or unavailable until the service is restored. Users should avoid assuming a fixed recovery time and waiting for official update confirmation. This is consistent with related reports that Lumiwave has suspended deposits and withdrawals for LWA token redemption.

Practical impact of migration on holders

The migration guide officially released by LumiWave on March 20, 2026 states that the Lumiwave protocol main network will be launched on April 1, 2026, and the conversion from LWA to LWP will be performed at a 1:1 ratio. The conversion ratio means that 1 old token is exchanged for 1 new token, so the nominal balance remains the same during the migration process.

Private wallet holders and exchange users face different paths. The guide states that self-hosting holders must manually complete the migration using Keplr, Cosmostation, or Leap wallets on their desktop browser, and the migration deadline is one year from the launch date.

Immediate impact on users and market activity

During migration, transaction access may differ from transfer access, so readers should distinguish between wallet operations and market tradability. Repeated attempts to deposit and withdraw money during the suspension not only may cause confusion, but may also slow down support processing rather than speed up transfers.

Summary of key points:

LWA deposits and withdrawals and transactions will be suspended before the Gate deadline of 08:00 (UTC) on April 2, 2026.

On supported exchanges, balances are automatically converted as follows: 1 old: 1 new; private wallets need to be migrated manually.

Please check the official platform status page before trying to transfer money and avoid repeated retries.

Market activity reflects this transition. The LWP trading price was US$0.00302, a 24-hour increase of approximately 16.7%, the market value was close to US$2.42 million, and the 24-hour trading volume was approximately US$1.18 million.

LWP 24-hour trading volume: US$1.18 million

CoinGecko data in the research brief showed that 24-hour transaction volume for the Lumiwave protocol after the migration-related transition was approximately $1.18 million.

Overall market sentiment remained cautious, with the cryptocurrency fear and greed index reading of 26, in the "fear" range. Korea Exchange has previously stepped up its attention: According to a report on February 6, 2026, Upbit, Bithumb and Coinone had flagged supply risk issues before rebranding.

Matters to pay attention to before resuming deposits and withdrawals

Recovery may occur in stages rather than in one go, so partial reopening may occur before full services are restored. Readers should rely on official platform announcements to understand the recovery status and confirm that pending transactions have returned to normal after the service is reopened.

According to unconfirmed information, Upbit has resumed LWP deposits and withdrawals after the rebranding and token redemption were completed, but the original notice cannot be independently verified. The actual signals that can be monitored are the same as any exchange deposit and withdrawal process: official confirmation of service resumption, explanation of reasons for suspension, and whether pending transfers have been successfully settled.

Disclaimer: This article is for information only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Please study for yourself before making a decision.