Woofun AI reports that the Moonbeam network will officially cease operations on July 31, 2026. While the parachain remains active during the transition, Wormhole stated that Portal and Wormhole contributors will be unable to assist with asset recovery after this date. Users are advised to transfer assets via official channels before the deadline. This shutdown follows Moonbeam's decision to exit the Polkadot ecosystem and migrate GLMR tokens 1:1 to the Base network.