Dmail Network, a wallet-based Web3 email, encrypted messaging and onchain notification platform, will cease services on May 15 after five years. The team cited rising bandwidth, storage and computing costs, failed financing and acquisition attempts, weak monetization, staff departures and limited token utility. Users were urged to export data before nodes shut down and accounts become inaccessible. The project's token fell to an all-time low of $0.0002067 following the announcement; the closure is described as part of a broader wave of Web3 project shutdowns amid weak demand and funding pressure.

The team announced a definitive service shutdown date (May 15) and urged data export; stated causes include rising operational costs, failed financing/acquisition efforts, weak monetization, staff departures and limited token utility — indicating project failure. The token immediately fell to an all-time low of $0.0002067. These concrete facts support a strongly negative outlook for the token and a high likelihood traders would react.