ICX Holders Face Uncertainty as Swap Deadline Approaches

The ICON Foundation has set two deadlines for the swap of ICX to SODA. On September 30, 2026, the swap in both directions ends, and on December 31, 2026, the migration ends completely, and the ICON blockchain is switched off.

As of September 1, 2026, 1,108,792,074.22 ICX were still sitting on the ICON chain. On the Sonic chain, the SODA contract reports a total supply of 1,499,555,266.83 SODA.

The swap involves a 1:1 ratio, and the new token is an ERC-20 token, which sits on the Sonic chain. However, the total supply does not reveal the migration status because ICX is not burned when swapped; it's simply locked elsewhere.