Wormhole has announced that the Moonbeam network will cease operations on July 31, 2026. Users are advised to bridge all external assets off Moonbeam before this date, as Portal and Wormhole contributors will not be able to assist with retrieving stuck assets afterward. The shutdown will be preceded by a transition period where parachain operations are retained. The migration process and deadlines are managed by Moonbeam and may change, so users should verify steps through Moonbeam's official portal. This development follows Moonbeam's plan to transform into an AI Agent communication and settlement network, with GLMR tokens set to migrate to Base at a 1:1 ratio.