Post
Topic
Board Altcoin Discussion
Re: If I have $500,000$ in this token can I sell them immediately and get ETH?
by
zasad@
on 17/06/2021, 14:29:53 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?
Have you watched your link?
https://coinmarketcap.com/currencies/open-governance-token/holders/

"Holders Statistics
Total Addresses 1,531
Active Addresses 24h No Data

Top 10 Holders  96.74%
Top 20 Holders 97.63%
Top 50 Holders 98.43%"

Who will you sell it to if your tokens are centralized?
There will not be enough liquidity on the exchanges, and you will bring down the price of this token.