Thread

Selling 10% of a giant stack is non-trivial, and quite rational. If you never spend it you never enjoy it.

It's being reported that 60k of those 80k awakened last week have been moved to OTC desks and further down to exchanges. It's far from 10%.

My point is, there will never be a "last one." Long term holders will sell forever. In this case, let's imagine this person is selling about 50% of their stack. 60k of their 120k coins. I think that's totally rational, and we can expect that kind of thing to continue forever.