Wormhole: Moonbeam network will shut down on July 31, 2026

CoinFeed reported on July 8 that Wormhole posted on X platform stating that the Moonbeam network will shut down on July 31, 2026. Prior to that, parachain operation will be retained as a transition period. Wormhole reminds users to transfer all external assets from Moonbeam via cross-chain before that date, and after July 31, Portal and Wormhole contributors will be unable to help retrieve trapped assets. Wormhole stated that the migration process and deadline are set and operated by Moonbeam and may change at any time. Users should verify the migration steps through the Moonbeam official portal and bear transaction responsibility themselves. Earlier on July 4 news, Moonbeam will transform into an AI Agent communication and settlement network, and the GLMR token will migrate to Base at a 1:1 ratio.