Sweat Wallet and SWEAT in Their Current Form Will End on December 30, 2026

The Sweat Foundation has announced a major change to its Web3 ecosystem: Sweat Wallet and the SWEAT token, as they exist today, will end in their current form on December 30, 2026.

The announcement does not mean the SWEAT token itself will disappear. The token will continue to exist on the NEAR blockchain and EVM networks where it is bridged. What is ending is the current Sweat Wallet app and the services built around it, including the existing move-to-earn model, Grow Jars, offers, raffles, quests, DAO functions and other related features. (Sweat Wallet)

The Foundation has given users a 90-day window to secure their accounts and assets. It says the current system will continue operating normally until December 30, while more details about what happens from January 2027 are expected in the first week of December 2026. (Sweat Wallet)

For SWEAT holders, the distinction between the token ending and the current Sweat ecosystem ending is critical.

What Exactly Is Ending?

The Sweat Foundation says the following will end in their present form on December 30:

• Sweat Wallet

• Minting of SWEAT for verified movement

• Grow Jars

• Offers and rewards

• Raffles and quests

• DAO-related services

• SWEAT-based fee payments

• Other services surrounding the current wallet ecosystem

However, SWEAT itself will continue to exist on-chain. Holders will still be able to hold and transfer the token through compatible wallets after the current Sweat Wallet service ends. (Sweat Wallet)

That means this is better described as a shutdown or restructuring of the current SWEAT economic model, rather than an immediate destruction of the cryptocurrency.

The Foundation has not yet committed to a replacement version. It says it is examining whether the app and token can continue in a new form and will publish its conclusion in December. No new version has been promised. (Sweat Wallet Help Center)

Why Is Sweat Ending the Current Model?

The Foundation says the economics of the existing model have become unsustainable.

It identified several factors, including a prolonged crypto-market downturn, the loss of exchange listings for SWEAT, the financial cost of responding to a security incident in April 2026 and slower growth in new users. According to the Foundation, these pressures affected its revenue and treasury and prevented the project from reaching sustainable profitability. (Sweat Wallet)

The April security incident is another important part of the story. The Foundation says all user balances were restored after the incident, but dealing with the event created additional costs for the organization. (Sweat Wallet)

The board ultimately decided to wind down the current model in an orderly manner rather than continue operating until it could no longer meet its obligations.

This is particularly significant for the broader move-to-earn sector, where users receive digital rewards for physical activity. The model attracted millions of users during the previous crypto cycle, but maintaining token incentives, user growth and sustainable revenue can be difficult when crypto-market conditions weaken.

Sweatcoin Is Not Shutting Down

One of the most important points for users is that Sweatcoin and SWEAT are not the same thing.

Sweatcoin is an app operated by Sweatco Ltd, while Sweat Wallet and the SWEAT token are operated by the separate Sweat Foundation.

The Foundation says the changes announced for December do not affect the Sweatcoin app. Users can continue earning Sweatcoins, using its marketplace and participating in its activities as normal. (Sweatcoin)

For users who have accumulated both currencies, understanding this distinction is essential.

Sweatcoins (SWC) are the in-app currency of Sweatcoin, while SWEAT is a cryptocurrency that operates on blockchain networks.

The December shutdown concerns the latter ecosystem operated by the Foundation.

SWEAT Will Continue on NEAR and Other Networks

Although the current wallet service is ending, the SWEAT token contracts will continue to operate on-chain.

The Foundation says SWEAT will remain on NEAR and on the EVM chains where it is bridged, including Ethereum, Base, Arbitrum and BNB Smart Chain. Holders can therefore continue to hold and transfer SWEAT using compatible wallets. (Sweat Wallet)

There is an important caveat.

Managing the assets without Sweat Wallet may require more technical knowledge, particularly for tokens held on other chains. The Foundation recommends moving balances on Ethereum, Base, BSC and Arbitrum to another wallet controlled by the user, swapping them into NEAR-based assets or using an appropriate bridging route while the app remains operational. (Sweat Wallet Help Center)

Exchange listings are also not guaranteed.

The Foundation says exchanges independently decide whether to continue listing SWEAT and warns that liquidity may fall. (Sweat Wallet Help Center)

Lower liquidity can make buying or selling the token more difficult and can increase price volatility.

What SWEAT Holders Need to Do Before December 30

The Foundation is urging users to take several steps before the deadline.

1. Back Up the Private Key

Every Sweat Wallet account is a NEAR account. The private key controls that account and its assets.

Users are advised to back up their private key and NEAR account ID somewhere secure. This is particularly important because access through the Sweat Wallet application may no longer be available after December 30. (Sweat Wallet Help Center)

A private key should never be shared with another person, website or support account.

The Foundation explicitly warns that it will not contact users first through direct messages and will never ask for a private key or seed phrase. (Sweat Wallet)

2. Review Grow Jars

Grow Jars will continue operating until December 30.

The Foundation says that no later than October 15, 2026, the minimum term on Grow Jars will be removed, allowing users to withdraw principal and yield before the December deadline. (Sweat Wallet)

Users should therefore review their balances rather than assuming locked funds will automatically remain accessible through the app indefinitely.

3. Move Assets Held on Other Chains

Users holding SWEAT or other assets through Ethereum, Base, BSC or Arbitrum should review their positions before the wallet service ends.

The Foundation recommends moving such balances to another wallet controlled by the user or taking another supported route while the app remains operational. (Sweat Wallet Help Center)

Important Dates for SWEAT Users

The current timeline is straightforward:

Users who have NEAR staked with the Sweat validator should also take action before October 31. The Foundation says the validator will stop on that date and recommends unstaking or redelegating beforehand because unstaking takes several epochs. (Sweat Wallet Help Center)

What Happens to Unclaimed SWEAT?

Users do not necessarily lose unclaimed SWEAT immediately on December 30.

The Foundation says that after it closes the claim contract, unclaimed SWEAT will be sent to the NEAR account that owns it. Grow Jar balances, including yield calculated through December 30, are also expected to be transferred to the relevant NEAR account after the window closes. (Sweat Wallet)

However, users will need their private key to control that account.

For that reason, claiming or withdrawing assets before the deadline may be considerably simpler than trying to manage the process after the app has shut down.

What Does This Mean for the SWEAT Token?

For crypto investors, the biggest uncertainty is what happens to SWEAT's utility and liquidity after December 30.

The token will remain on-chain, but several of the functions that currently create demand for it are ending. These include movement-based minting, Grow Jars, offers, raffles, quests, DAO services and other wallet features. (Sweat Wallet Help Center)

That could fundamentally change the token's economic profile.

The Foundation's December announcement about a potential new model could provide more clarity. Until then, investors should not assume that SWEAT will automatically retain the same utility or market structure it has today.

There is also a possibility that reduced exchange support or lower liquidity could increase volatility.

For existing holders, the distinction is therefore important: SWEAT surviving on a blockchain does not mean the current SWEAT ecosystem is continuing unchanged.

What Investors and Users Should Watch Next

The most important development will be the Foundation's planned update in the first week of December.

That announcement should clarify whether there will be a new form of Sweat Wallet or SWEAT, what services may continue and how the ecosystem could operate from January 2027. At present, the Foundation has explicitly said that no new form is guaranteed. (Sweat Wallet)

Other key indicators include:

• Exchange decisions regarding SWEAT listings

• Liquidity on decentralized and centralized markets

• The treatment of token contracts after December 30

• User migration and wallet activity

• The Foundation's financial and operational plans

• Whether a replacement utility model is announced

• The long-term role of SWEAT after movement-based minting ends

Until those questions are answered, the token's future utility remains uncertain.

Conclusion

The Sweat Foundation has announced that Sweat Wallet and the SWEAT token in their current form will end on December 30, 2026, following prolonged financial and operational pressure on the existing model. The announcement does not eliminate SWEAT from the blockchain: the token will continue to exist on NEAR and bridged EVM networks, but the current wallet, move-to-earn minting and associated services are being wound down. (Sweat Wallet)

For users, the immediate priority is asset security: back up private keys, review Grow Jars, check balances on other chains and avoid anyone claiming they can “recover” or “migrate” SWEAT by requesting a private key.

For investors, the biggest question is what comes next. The Foundation's planned December update could determine whether SWEAT develops a new use case or gradually becomes a much less active token ecosystem.

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This article is for informational and educational purposes only and should not be considered investment advice.