Post
Topic
Board Altcoin Discussion
Re: If I have $500,000$ in this token can I sell them immediately and get ETH?
by
xenon131
on 17/06/2021, 09:43:31 UTC
If I have for example $500k in coin with low market cap coin opendao (1.9m)

Can I sell it imamdietely?
https://coinmarketcap.com/currencies/open-governance-token/holders/


and get money in eth same day?

The short answer is Nope.  I have looked through out markets where OPEN is traded and each of them has the liquidity which is not enough to cover $500K worth tokens at the stable price.  With all that  said, if you wanna get $500K you need to disperse your  trading  among different exchanges and sell tokens by small parts during several days.