Cryptocurrencies
Crypto Slump Leaves 12,100 Coins Trapped in Zombie Trading Limbo
A huge amount of digital tokens are languishing as “even good projects” strive to stay afloat in market doldrums that may last for months to come.
Not dead technically, but like zombies, not quite alive either.
Photographer: Bettmann/BettmannThis article is for subscribers only.
When it comes to putting a number on this year’s crypto swoon, the one cited most often is $2 trillion, the amount of digital-asset market value that evaporated in the downdraft. But here’s a figure that captures the breadth of the bear market: 12,100.
That’s the number of crypto tokens that have effectively ceased trading this year, according to data provider Nomics — not dead technically, but like zombies, not quite alive either.