Memecoin trading app Zap to shut down on June 1

Memecoin trading app Zap announced it will terminate its service on June 1. The company explained that while it aimed to build an app allowing anyone to buy memecoins in 30 seconds, it failed to achieve its expected level of user growth. Zap has advised users to log into their accounts and export their private keys before the service ends, recommending they import them into a Phantom wallet.