I need to cancel my Sentry subscription. How will this impact my application that are integrated with Sentry?

When you cancel your Sentry subscription, you'll be downgraded to the free Developer plan at the end of your billing period. You can find the quotas associated with that plan here. Once your event quota is exceeded, additional events will begin to be dropped. This should not impact your running apps, however, events will no ingested in Sentry.
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If you're not planning to continue using Sentry, we recommend disabling Sentry in your application to avoid unnecessary overhead and network requests.