Swellchain to shut down its native network on June 15

Swellchain (SWELL) has reiterated via its official X account that it will permanently shut down its native network on June 15. The move follows a previous announcement in April, where the project stated it would discontinue its network to focus on Faro, an AI intelligence platform built on Hyperliquid (HYPE). Swellchain will continue to operate on the Ethereum (ETH) network, and its SWELL token is also planned to remain active through a separate program.