Fellow billionaires,
I just decided to ape into SPX6900. Of course, as I always do, I first ape in and then research. Sometimes this leads to a sudden move out of the project which again sometimes leads to missed profits but also often to prevented losses.
I just checked etherscans holder section for the SPX6900 token. Of course I missed the 80x, but given the holders, that from what I looked thorugh initially seems to have around 150M $ worth tokens (at current price of around 60cents) withing the first 30-50 holders. Of course I didnt’t count the exchange wallets/pools whatever.
https://etherscan.io/token/0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c#balances
Now given that example, am I right assuming this is an indicator for super high risk, because if these 20-30 people sell instantly, the impact would be enough to trigger paperhands to jeet out as well right?
Or did I read the data wrong and if so, how do I read it correctly?
Wish you all great fun at your local Lamborghini dealers choosing extras while ordering one!
submitted by /u/cherryone3
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