ZeroStack’s 0G token crash puts future in doubt

ZeroStack's 0G token holdings crashed 91%, causing major losses and casting doubt on its future. The company now depends on staking rewards and token sales to survive.

ZeroStack, a Nasdaq-listed crypto treasury firm, is facing severe financial distress after its primary asset, the Zero Gravity (0G) token, plummeted by 91% in value. As of June 30, the company reported $2.6 million in cash, negative working capital of $600,000, and an accumulated deficit of $339.1 million. In the first half of 2026, ZeroStack recorded a net loss of $61.3 million and an $82.5 million fair value loss on digital assets. The company holds 75.1 million 0G tokens, originally purchased for $163.3 million, but now worth just $15.2 million. ZeroStack relies on staking rewards and token sales for revenue, earning $3.8 million from staking and selling 4.9 million tokens for $2.4 million in the first half of the year. Despite these efforts, management has warned of substantial doubt about the company's ability to continue operating over the next year, reversing its previous outlook.