Crypto slump leaves 12,100 coins trapped in zombie trading limbo
10/03 14:45
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. Nomics compiled an analysis of coin activity for Bloomberg and discovered that more than 12,100 tokens have become “zombies” this year, defined as tokens that have not traded for a month. That’s more than twice as many as in all prior years combined, the researcher found. In 2018, a total of 136 tokens turned into zombies, while 766 coins earned that designation in 2019, far below this year’s level.
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