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ZEC $1,128 Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown
Sophon users must withdraw SOPH, ETH and USDC by Nov. 25, 2026, before the layer-2 network shuts down on Nov. 30.
Key takeaways
- Withdraw by Nov. 25. Sophon set Nov. 25, 2026, as the deadline to withdraw assets before the Nov. 30 shutdown.
- Five days matter. Infrastructure and websites begin closing after Nov. 25, so the gap before Nov. 30 carries risk.
- Funding history. Sophon raised $60 million in a 2024 node sale after a separate $10 million round.
What happened
Sophon has set a Nov. 25 deadline for users to withdraw assets from its Ethereum layer-2 blockchain. The network itself is scheduled to shut down on Nov. 30. The team asked holders to remove Sophon (SOPH), Ether (ETH), USDC (USDC) and other assets, and to claim any outstanding staking or Guardian rewards.
In an October 19 announcement, Sophon confirmed the final timetable and said key infrastructure and related websites would begin closing after Nov. 25. The project warned that assets left on the chain could become permanently inaccessible. It also told users to rely only on official links and to watch for fraudulent migration sites.
The withdrawal deadline sits five days before the final shutdown. Sophon said users should act on Nov. 25 rather than wait for Nov. 30, because essential services may close before the chain stops operating. Users with assets in Sophon Farm were told to withdraw them through the farming platform.
Why it matters
Sophon first disclosed plans to retire its chain in June, saying the cost of running a standalone network no longer justified the benefits. Founder and CEO Seb said the team had paused nine months earlier and concluded its own chain was not worth spending millions a year on infrastructure. The project now plans to focus on consumer finance and AI applications on Base.
The shutdown changes what the SOPH token does. According to Sophon's token transition plan, SOPH's original uses for network transaction fees and staking are being phased out, to be replaced by token buybacks and burns funded by revenue from consumer products. Binance previously migrated SOPH to Ethereum at a 1:1 ratio, so the token can continue after the chain closes.
Background
Sophon launched as a zero-knowledge-powered layer-2 network aimed at consumer applications such as gaming, entertainment and AI. It raised $60 million through a node sale in 2024, following a separate $10 million funding round. Its shutdown follows a similar move by Abstract, the consumer-focused layer-2 network from Pudgy Penguins parent Igloo, which said on Oct. 6 that it would close on Dec. 15.
Questions readers ask
When is the Sophon withdrawal deadline?
Sophon set Nov. 25, 2026, as the deadline to withdraw assets. The mainnet shutdown is scheduled for Nov. 30.
Which assets should Sophon users withdraw?
The team asked users to withdraw SOPH, ETH, USDC and other assets, and to claim outstanding staking or Guardian rewards. Assets in Sophon Farm should be withdrawn through the farming platform.
Why is the Nov. 25 deadline earlier than the shutdown?
Sophon said infrastructure and related websites would begin closing after Nov. 25. It did not promise that withdrawals would remain possible until Nov. 30.
What happens to SOPH after the Sophon chain closes?
Binance previously migrated SOPH to Ethereum at a 1:1 ratio, allowing the token to continue beyond the chain's closure. Sophon's transition plan phases out fee and staking uses in favor of buybacks and burns funded by product revenue.
