1. A memory system, comprising: a memory device comprising a plurality of memory blocks; and a controller suitable for performing a command operation to the memory blocks, updating update parameters and erase cycles (ECs) of the memory blocks, selecting at least one source memory block based on the update parameters, selecting at least one target memory block based on the ECs, and performing at least one swap operation between the selected at least one or more source memory block and the selected at least one target memory block.