Woofun AI reports that Wormhole has confirmed the Moonbeam network will cease operations on July 31, 2026. While the parachain remains active until this date, Portal and Wormhole contributors will no longer assist with asset recovery for funds left on the chain. Users are advised to transfer external assets through official Moonbeam channels before the deadline. This follows Moonbeam's earlier announcement to exit the Polkadot ecosystem and migrate GLMR tokens to the Base network at a 1:1 ratio.