Moonwell is asking WELL token holders to move their tokens off the Moonbeam network before July 31, 2026. The request follows the planned wind-down of the Moonbeam network on Polkadot.
Why the move is necessary
The Moonbeam network, a parachain on Polkadot, is being wound down. That means the blockchain where WELL tokens currently operate will no longer be available. Moonwell, the DeFi lending protocol behind the token, is urging holders to act ahead of the shutdown.
What token holders need to do
Holders must transfer their WELL tokens off the Moonbeam network before the July 31, 2026 deadline. The exact destination for the tokens has not been disclosed, but the transfer is required to keep them accessible. Moonwell has not detailed what will happen to tokens left on the network after the deadline.
Timeline and next steps
The wind-down gives holders roughly two years to complete the move. Moonwell has not announced any further instructions beyond the transfer request. Token holders should monitor official channels for updates on where to send their tokens.
