PANews reported on June 2nd that 0xPPL, a Web3 product positioned as an "onchain super app," announced it will cease trading functionality starting June 6th and completely shut down on June 30th. The project team stated it will be a "sequential shutdown," and PPL Wallet users must export their mnemonic phrases or withdraw all funds to other wallets before the shutdown to ensure asset security and availability. The team stated the shutdown is due to the anticipated market conditions not materializing, choosing to cease operations at this point to properly protect the rights of users, the team, and investors.