Zombie Mode refers to a situation where a cryptocurrency project continues to operate or exist without any active development, support, or community engagement. In this state, the project may still have some value or token liquidity, but it lacks the necessary updates, improvements, or leadership to thrive.Often, projects enter Zombie Mode when the original team abandons it, possibly due to financial constraints, loss of interest, or failure to meet initial goals. As a result, the community may feel disillusioned, leading to decreased activity and investment.In Zombie Mode, a cryptocurrency can linger for extended periods, trading at low volumes. While some investors might still hope for a revival, most projects in this state are unlikely to regain momentum without a significant overhaul or new leadership. This highlights the importance of active development and community engagement in maintaining a cryptocurrency’s health and sustainability.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to