CoinTelegraph
Step App Shuts Down After 4 Years as FITFI Token Plummets 99.9% From All-Time High
August 6, 2026•10:52 AM
Move-to-earn project Step App is winding down all operations after four years of activity, with its FITFI token trading 99.9% below its all-time high. The platform, joining a growing list of crypto companies shutting down amid the ongoing market slump, announced via social media X that all services will be terminated by August 21, asking users to unstake locked tokens and manage exchange positions before the final deadline.
The announcement marks another significant blow to the play-to-earn and move-to-earn sector, which has faced substantial challenges with crypto market volatility and declining user interest. Step App, which described itself as a "movement" beyond just a product, leaves a questionable legacy as thousands of investors face substantial losses with the FITFI token. The shutdown comes at a time of intense regulatory and economic pressure on the cryptocurrency sector, with several similar platforms facing operational and financial difficulties.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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