Saga Network has officially announced the start of a gradual wind-down period (Sunsetting) for the SagaEVM network for 60 days, ending with complete operational shutdown on November 23, 2026.
In this article, we explain the technical reasons behind this decision, its real impact on the coin price, and the steps you need to take as a trader or user.
1๏ธโฃ Breaking down the news: What exactly happens?
What is SagaEVM? It is one of the "sub-networks" (Chainlets) compatible with the Ethereum Virtual Machine (EVM) within the Saga ecosystem.
The real reason: this decision comes after a security vulnerability that SagaEVM suffered previously, leading to exploitation of around $7 million. Shutting down the network is a strategic step to eliminate the security risks and the technical debts resulting from it.
Unless affected:
The main network (Saga Mainnet) is operating at full capacity and continues as usual.
SAGA coin and its use cases within the network will not be affected.
Trading and listing operations on major trading platforms (Binance and others) continue without any change.
2๏ธโฃ Economic and financial analysis: How does this news affect the price of SAGA?
๐ป In the short term (emotional market behavior)
The coin may see slight volatility or limited selling pressure due to some new traders misunderstanding that the entire project is completely stopping. But this effect ends once the market absorbs the details.
๐ข In the medium and long term (positive technically and economically)
Closing the door on risk: getting rid of an old environment with vulnerabilities protects the projectโs future reputation and prevents any breaches that could harm the coinโs price later.
Focus resources: direct development efforts and liquidity toward the main network and expand the ecosystem for high-performance games and applications.
Liquidity stability: not affecting listings on exchanges prevents any forced selling waves (Panic Selling).
3๏ธโฃ Timeline and tasks required from users
The process begins on September 24, 2026 with the start of a 60-day gradual shutdown window. During this period, all users of the SagaEVM network must check their wallets and ensure they withdraw their remaining assets and transfer them via the official digital bridges.
The process reaches its final stop on November 23, 2026โthe specified date for the final, complete operational shutdown of the SagaEVM network; at which point the network will completely stop processing any transactions, and it will be impossible to access any assets that remain on it after this date.
๐ก What do you need to do now?
If your assets are on trading platforms (such as Binance): you donโt need to take any actionโyour coins and accounts are completely safe.
If you have assets on the SagaEVM network (On-Chain): you must withdraw or transfer them via digital bridges (Bridges) to another network before November 23, 2026 to avoid permanently losing access to them.
๐ Summary:
The decision reflects wise risk management by the Saga team; sacrificing a damaged sub-network to protect the main network and the core coin is a positive long-term action that ensures the projectโs sustainability.
