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Harmony has proposed sunsetting its own network, snapshotting ONE balances at the final block and reissuing the token on Ethereum while redirecting emissions toward an AI video business. The immediate risk is market structure rather than narrative: onchain apps and liquidity pools will not migrate, so holders must exit smart contracts and LP positions before Sept. 10 or face stranded assets, and thinner venue liquidity can widen ONE spreads and amplify downside volatility into the cutover. Watch the exact snapshot block, the ONE-to-Ethereum contract details and exchange support notices, since unclear redemption mechanics or delayed listings on the new contract would be the main trigger for a further discount.
As a Crypto signal, watch whether it changes price action, volatility, or flows around ONE, ETH.
Original Source: The Defiant
This page is market information analysis, not investment advice.
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