KuCoin supports WELL token on Base as Moonbeam heads for shutdown
The exchange will handle the token swap automatically as Moonwell's lending protocol migrates away from the sunsetting Moonbeam network.
KuCoin is facilitating the migration of WELL tokens from Moonbeam to Base, giving holders on the exchange one less thing to worry about as Moonbeam prepares to shut down entirely on July 31, 2026.
The move means KuCoin users holding WELL on the Moonbeam network won’t need to manually bridge their tokens. The exchange will handle the swap internally, converting Moonbeam-based WELL to Base-native WELL through a token swap process.
Why the migration matters
Moonbeam, the Polkadot-connected smart contract platform, is winding down operations entirely. The network has announced a full shutdown scheduled for July 31, 2026, which includes a one-to-one migration of its native GLMR token to Base.
Moonwell operates as a cross-chain lending and borrowing protocol across several EVM-compatible networks, including Base, Moonbeam, Optimism, and Moonriver. With Moonbeam going dark, the protocol has been actively encouraging token holders to transfer their WELL to supported chains using built-in tools available through the Moonwell app, no external bridges required.
WELL has been upgraded to xERC20 standards specifically to enable this kind of multichain functionality.
KuCoin, which has listed WELL since June 2022 and offers a WELL/USDT trading pair, has been issuing alerts to users about withdrawing Moonbeam-based assets ahead of the shutdown.
What this means for investors
WELL has been trading in a tight range between $0.0033 and $0.0037, with modest volumes that suggest most participants are watching from the sidelines.
For KuCoin users specifically, the automatic swap removes the biggest friction point. Instead of navigating bridge interfaces and managing gas tokens on multiple networks, holders can sit tight and let the exchange handle the conversion.
The July 31 deadline creates a natural forcing function. Anyone still holding WELL or other assets on Moonbeam needs to act before the network goes offline. For exchange users on KuCoin, that action is being handled for them. For self-custody holders, the clock is ticking, and Moonwell’s in-app migration tools are the path of least resistance.