CASHCAT on Robinhood—after taking 1.29 million USD for a 0.85% supply allocation, he bought when the market cap was 150 million. It listed and dropped 30%; he’s currently down 410,000 in unrealized losses, and as of now, he hasn’t sold a single coin.
Don’t rush to say this is faith. 0.85% doesn’t sound like much, but in a pool like this, once it gets dumped, it could end up creating an even lower bottom for yourself. Not selling doesn’t necessarily mean he believes in it—it might just be because he can’t sell.
On Robinhood, this whole “getting listed” story used to be something you could treat as a catalyst to trade on, but now it’s starting to look more and more like an open back door for early holders. Good news drops, but the buy-side can’t catch up—price moves first.
This guy isn’t holding profits waiting for a pullback anymore; he’s holding an unrealized loss and waiting for liquidity.
Don’t rush to say this is faith. 0.85% doesn’t sound like much, but in a pool like this, once it gets dumped, it could end up creating an even lower bottom for yourself. Not selling doesn’t necessarily mean he believes in it—it might just be because he can’t sell.
On Robinhood, this whole “getting listed” story used to be something you could treat as a catalyst to trade on, but now it’s starting to look more and more like an open back door for early holders. Good news drops, but the buy-side can’t catch up—price moves first.
This guy isn’t holding profits waiting for a pullback anymore; he’s holding an unrealized loss and waiting for liquidity.