2026-01-11 17:35:21

Regarding the true asset status of a certain large token holder, a reassessment is needed. On the surface, an 18M net worth sounds impressive, but the core issue is that 17M of it is locked in the $SPX token. This project has a total market cap of only around 60M, with limited liquidity, making it impossible for large holders to cash out freely.

Once this large holder starts selling, even a small amount, the entire market could immediately plunge into panic. The market would accelerate its decline, and in the worst case, this token could be cut in half by 90%. Therefore, the actual liquid assets he can realize might only be a few million.

This also raises another question—has he already sold part of his holdings in batches before? If not, his current situation is indeed quite passive. Such a highly concentrated holding structure also poses significant risks to the large holder himself.

SPX3,23%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
4
Repost
Share

Comment

0/400

PanicSeller69

· 13h ago

Wait, 17M all in one coin? This guy must be losing sleep over it. --- Basically, he's a paper millionaire; only a few can really spend that money. --- I bet five bucks that this guy secretly invested a part of it long ago, or how else could he keep going? --- This is the consequence of not diversifying your holdings; you've trapped yourself. --- If he really dumps, SPX will go straight to ICU, hilarious. --- Having 18M in assets but unable to move it, that must be so frustrating. --- No wonder he hasn't been tweeting lately; he's probably figuring out how to get out.

View OriginalReply0

ReverseFOMOguy

· 13h ago

Haha, it's another story of paper millionaires. I've seen this routine too many times. The truly cash-outable amount is only a few million; the rest is just illusions. That's why I never chase after low-liquidity coins. In the end, we're just trapped inside as little mice, unable to move. If you ask me, you should have sold in batches long ago. Now you still want to? Probably too late.

View OriginalReply0

ApeWithNoChain

· 13h ago

Wow, this is the so-called paper millionaire. 17M is stuck in SPX and can't move, one quick sell and it's over. This is just hilarious.

View OriginalReply0

GasFeeTherapist

· 13h ago

Just paper wealth, not much real money can move --- 17M concentrated in one coin? This guy is actually just being hostage to his own position --- Selling immediately causes a dump, isn't that the biggest risk? --- Wait, he really hasn't cashed out in batches? Then this position is indeed a bit awkward --- In a project with a 60M market cap, 17M is a big chunk. The structural design is... haha --- Looks like having money is actually a dilemma, a typical paper wealth trap --- The liquidity that can be cashed out is real gold and silver; the rest are just number games --- The big holder is trapped by their own position, which is outrageous --- Either cash out in batches beforehand, or now be stuck between a rock and a hard place, there’s no third option

View OriginalReply0