Seeing this picture, most people’s first thought is definitely: damn it—these stolen coins will surely dump the market and prices will surely fall 📉, so I immediately sold the related assets I held!
But I have a different view. After looking into the relevant information, I found that:
1: XRP and ZEC do not have on-chain freeze functions, so hackers can freely transfer them to dump the market—so the sell-pressure risk is extremely high.
2: Stablecoins USDT/USDC: the issuer can freeze them, so this portion of the sell-pressure risk is basically eliminated.
3: ETH, BNB, and AVAX are EVM chains. Some addresses can be used together with blocklists to intercept transactions, but they cannot be completely locked.
So from a human perspective, doesn’t it seem like XRP is the biggest risk and you need to run right away? But what I want to say is: sometimes risk comes with opportunity. Yes, potential sell pressure does exist—but flip it around. The number #XRP and ZEC lack on-chain freeze functionality, which means these two are more decentralized. If Bitcoin can develop this fast, isn’t it all while wearing the “decentralization” label? So from this point of view, these two assets are indeed a short-term negative, but a long-term positive. As long as there’s a big pullback, I will without hesitation tilt my positions toward them. What others see as risk, I see as opportunity!
But I have a different view. After looking into the relevant information, I found that:
1: XRP and ZEC do not have on-chain freeze functions, so hackers can freely transfer them to dump the market—so the sell-pressure risk is extremely high.
2: Stablecoins USDT/USDC: the issuer can freeze them, so this portion of the sell-pressure risk is basically eliminated.
3: ETH, BNB, and AVAX are EVM chains. Some addresses can be used together with blocklists to intercept transactions, but they cannot be completely locked.
So from a human perspective, doesn’t it seem like XRP is the biggest risk and you need to run right away? But what I want to say is: sometimes risk comes with opportunity. Yes, potential sell pressure does exist—but flip it around. The number #XRP and ZEC lack on-chain freeze functionality, which means these two are more decentralized. If Bitcoin can develop this fast, isn’t it all while wearing the “decentralization” label? So from this point of view, these two assets are indeed a short-term negative, but a long-term positive. As long as there’s a big pullback, I will without hesitation tilt my positions toward them. What others see as risk, I see as opportunity!
