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FITFI Token Plummets 99.9% as Move-to-Earn Step App Shuts Down After Four Years

Step App shuts down on Aug. 21, 2025, with its FITFI token crashing 99.9% from peak, underscoring the collapse of move-to-earn crypto models after a four-year run.

📅 August 6, 2026 🕐 1 min read 📰 Cointelegraph

1 assets impacted (Crypto). Net bias: 0 Bullish, 1 Bearish, 0 Neutral. Strongest signal: FITFI/USD ↓ 9/10 (95% confidence).

📊 Affected Assets (1)

FITFI/USD

Bearish 🤖 95%

📅 Short-term 🌍 Global · Explicit

Step App announced it will wind down services by Aug. 21, directly removing all utility for its native token FITFI. The token already trades 99.9% below its all-time high, and the closure is likely to erase any remaining value as liquidity and user activity disappear.

Catalysts

▼ Step App announces shutdown by Aug. 21
▼ FITFI token down 99.9% from all-time high

Risk Factors

▲ Community or third-party revival of project (unlikely)
▲ Token already near zero, limiting further absolute downside

▼ Show FAQ (2) ▲ Hide FAQ

What triggered the FITFI token crash?

The announcement that Step App is winding down services eliminated the token's primary use case, causing its value to plummet 99.9% from its peak.

Is there any value left in FITFI tokens?

With the project shutting down, the token's future utility is nonexistent unless a community fork or acquisition revives it. Currently, it trades at fractions of a cent.

🎯 Key Takeaways

Step App will cease all services by August 21, 2025, ending its four-year run as a move-to-earn platform.
FITFI token has lost 99.9% of its value from its all-time high, now trading near zero.
The shutdown highlights the failure of the move-to-earn model to maintain long-term user engagement and token value.
Step App's collapse follows other Web3 fitness projects like STEPN that faced declining hype and token depreciation.

📝 Executive Summary

Move-to-earn project Step App will wind down services by Aug. 21 after four years, while its FITFI token trades 99.9% below its all-time high.

❓ FAQ

What is Step App?

Step App is a move-to-earn cryptocurrency project that launched in 2021, rewarding users with FITFI tokens for walking, running, and other physical activities. It was part of the Web3 fitness trend that peaked in early 2022.

Why did Step App shut down?

The article does not provide a specific reason, but the 99.9% decline in the FITFI token price and the end of move-to-earn hype suggest the project could no longer maintain its ecosystem or attract sufficient user activity.

What will happen to FITFI tokens after the shutdown?

The article does not detail post-shutdown token handling. Typically, tokens lose all utility and liquidity when a project ceases operations, leaving holders with essentially worthless assets unless a community-led revival occurs.

FITFI Token Plummets 99.9% as Move-to-Earn Step App Shuts Down After Four Years

📊 Affected Assets (1)

🎯 Key Takeaways

📝 Executive Summary

❓ FAQ

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