Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens

Forbes recently released a list of the top “zombie” tokens in the crypto market, which includes XRP, ADA, LTC, ETC, and BCH. These tokens are characterized by their high market valuations but lack of practical utility and user adoption. Despite their failure to fulfill their original purposes, these tokens continue to thrive financially due to speculative trading and significant initial funding. Ripple’s XRP, for example, was intended to disrupt the SWIFT banking network but now relies heavily on speculative trading, with minimal revenue from actual network usage. Similarly, hard forks like Litecoin, Bitcoin Cash, Bitcoin SV, and Ethereum Classic are valued at over $1 billion but serve more as speculative investments than practical applications. The report also highlights the lack of governance and financial accountability in these blockchain projects, which operate without regulatory oversight or obligations to shareholders.