What Ends on December 15

The Three Dates That Decide What You Keep

The wind-down runs on three clocks, and only one of them has already started. The announcement is explicit about the two that remain: “December 5, 2026, will be the last day to participate in campaigns. No campaigns will remain active after that date.”

• 9 November 2026: Spaces lost the ability to create campaigns, and new Galxe+ and Galxe Score subscriptions and new Galxe Passport mints stopped.
• 5 December 2026: last day to take part in any campaign. Nothing stays live afterwards.
• 15 December 2026: reward claims close and the site becomes read-only.

Measured from 11 November, that leaves 24 days to finish campaign activity and 34 days to pull rewards out. The announcement attaches no time of day to either cut-off, so the 15 December deadline should be treated as ending at 23:59 UTC rather than as a full extra day of trading.

The second sentence in the sequence leaves no ambiguity: “On December 15, 2026, campaign reward claims will close, and the entire Galxe website will switch to read-only mode.” Read-only means the interface survives as an archive. It does not mean campaigns resume, rewards keep accruing, or new credentials can be issued.

What Already Stopped on 9 November

The first tranche of changes took effect on announcement day, not at the December deadlines. “Starting today, Spaces can no longer create new campaigns,” the post reads. “New Galxe+ and Galxe Score subscriptions and Galxe Passport minting are also no longer available.”

That ordering matters for anyone running a growth campaign. A project that has not yet launched an activation on Galxe cannot start one now, whatever its budget. The remaining five weeks are a closing window for campaigns that are already live, not a final quarter of production.

The documentation has not caught up with the product decision. As of 11 November, the Galxe homepage still described Galxe Passport as a live product that stores identity data and lets users reuse it across applications, and still advertised the Score reputation system. Both sit on the wind-down list. The announcement is the controlling document; the marketing copy is a lagging indicator.

Gravity Takes the Team, and G Keeps the Gas Job

The stated reason for the shutdown is consolidation, not a failure of the campaign business on its own terms. “Galxe is consolidating its team and brand under Gravity to accelerate the development and adoption of Gravity L1,” the announcement says, crediting the campaign products with a record of service to users and partners.

The division of labour after the change is straightforward. Gravity is a proof-of-stake layer 1 with an EVM runtime. Its own description claims throughput of more than one gigagas per second, sub-second finality and an ecosystem of over 25 million users. G pays for gas, carries governance weight, and functions as the native asset of the network that quest rewards were migrated onto.

Read structurally, Galxe is keeping the settlement layer and dropping the consumer application that fed it. The token’s value case moves from campaign volume to chain usage.

That is a real shift rather than a relabelling, and it is also the part of the announcement with no numbers attached. Nothing in the post says how much of Gravity’s activity has come from Galxe Quest, so the activity Gravity must now replace cannot be sized from the source.

The Token Priced the Exit Before the Post Went Up

G’s 90-day tape suggests the market was already working on this outcome. The daily series peaked at $0.01056 on 20 September and has lost 71.4% since, including 29.2% over the past 30 days and 55.2% over twelve months. The 9 November close of $0.00293 was the window’s low, 4.3% under 8 November.

What happened next is the more useful observation. G closed 10 November at $0.00301, up 2.6%, and traded at $0.00302 on 11 November, little changed over 24 hours. The lowest close of the quarter landed on announcement day and was bought.

That is consistent with a decision traders had already discounted. It does not establish that the announcement caused the move in either direction, because the same window carried a market-wide drawdown.

Turnover argues against treating the token as abandoned. Daily volume of $4.20 million against a $21.87 million market cap is 19.2% of capitalisation changing hands each day, a rate that belongs to a token in play rather than one being wound up. Fully diluted value sits at $36.29 million on 12 billion tokens, of which 7.23 billion, or 60.3%, circulate.

The levels that matter come from the same series. The 9 November close at $0.00293 is the reference floor. A daily close below it on heavier volume than the $4.2 million average would mark the transition as a re-rating rather than the liquidation of a news event. The 20 September high at $0.01056 is the upside reference, and it needs a catalyst the announcement does not contain.

The Old GAL Ticker Still Prints a $57 Million Market Cap

Anyone comparing valuations on a data aggregator will hit a trap. The legacy GAL listing, permanently labelled as migrated to G, still shows a $0.447 price and a $57.16 million market capitalisation, which is 2.61 times the $21.87 million attributed to the live G token. Its recorded 24-hour volume is $8.01, not $8 million. Eight dollars.

The gap is a data artefact, not a second valuation. GAL no longer circulates as a separate asset. Holders were moved to G on Ethereum and BNB Chain in the February 2026 migration, and the old ticker’s cap is a residual of a supply that no longer trades. Any table quoting “Galxe market cap: $57 million” is quoting a dead line, and the live figure is the one attached to G.

What Galxe Has Not Published: The Claim Process

The asset leg of the wind-down is the least documented. “User assets remain safe, including Smart Savings balances, staked G that has not yet been withdrawn, and G tokens held in wallets on Gravity Alpha Mainnet,” the post says.

It then adds a qualification rather than a schedule: “These assets will follow a separate claim process and timeline. We will publish the details and instructions in a follow-up announcement on our official X.”

That is a promise of instructions, not instructions. As of 11 November there is no published claim date, no statement on whether claims must come from the wallet holding the position, no export path for Passport data, and no answer on whether rewards left unclaimed after 15 December remain recoverable.

The announcement closes the claim window without describing what happens to the balance behind it. Other wind-downs this month show what is missing.

When Acala and Karura put their shutdown to token votes, the proposals carried a dated ladder that accounted for each unbonding period, so a holder could work back from the stop date and know which day to act. Galxe’s campaign calendar is that specific. Its asset calendar is not yet.

The order of operations follows from what has been published. Claim outstanding campaign rewards now rather than in December, because the campaign window and the claim window close ten days apart. Withdraw staked G if the intention is to move it, since the post separates balances that are held from balances still staked.

Track the official account rather than third-party summaries. The claim mechanics will be published there first, and impersonation attempts on a deadline like this one are the predictable follow-on risk.

Signals to Watch Before the Read-Only Switch

Three observable events sit between now and the end of the year. The first is the follow-up announcement on claim instructions, the only document that turns “assets remain safe” into a process with dates. The second is 5 December, the last live campaign day and the point at which partner integrations built on Galxe Quest stop receiving new activity.

The third is 15 December, when the site goes read-only and the identity products stop being issuable. Integrators that gated access on a Galxe Passport credential will have to decide whether to keep accepting credentials that no issuer is refreshing. The announcement does not address that question, and the answer will surface in partner documentation rather than in a headline.

For G holders the variable to track is substitution, not shutdown. Gravity keeps the token, the chain and the team. What it has not shown is whether activity from outside the Galxe ecosystem can carry a $21.9 million valuation once campaign-driven traffic disappears on 5 December. Until that number appears, the token is trading on the transition itself.

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