Since announcing the shutdown of its mainnet earlier this month, Harmony (ONE) has surged nearly 500%

Odaily reports that according to OKX market data, since the announcement of the mainnet shutdown on September 6, Harmony's ONE token has surged nearly 500%, temporarily trading at 0.00411 USDT as of press time, with a 24-hour gain of 82.1%.

Previously, Harmony released two proposals to fully shut down the Layer 1 mainnet launched in 2019, migrate the native token ONE to Ethereum, and pivot to an AI video remix business.