750k is not inconceivable. What is inconceivable is that a significant portion of those "coins" were highly liquid. I agree that if the numbers are that high, it is largely in part due to the use of Gox as a web wallet. The fact that Gox was an exchange is not evidence in and of itself that all coins held there were readily available on the market. Just take a look at the order books -- it puts things in perspective.
If only a smaller fraction of these coins were liquid (say, 100k), then the remaining 650k were for holding, presumably using Gox as a wallet.
Now these holders are no longer holding. So I would imagine that some of them would purchase new coins to replace the ones they thought they had. If we imagine that even 20% would be replaced with new purchases, then this represents an additional demand for 130k coins.
Do you agree?