RISKMON Onchain Jesterfest selling strategy

by Freddenver: Michael J. Saylor

SATS argues that selling large crypto positions during FOMO periods requires aggressive action rather than a gradual approach, citing the inevitability of being front-run by others. The discussion highlights that nobody wins on FOMO and that the idea of selling nicely is a myth. SATS shares a personal example where Eric B called them out for selling part of a position. SATS had held 5% of the asset publicly due to FOMO, admitting they got lucky as the price rose significantly. They eventually sold between 1% and 5% of that holding. The conversation notes that top holders face unique challenges because even tiny sales trigger front-running. To illustrate the pressure on large holders, SATS references a specific case involving a person who owns 2% of the Chinese OX coin. This owner appeared on Jason’s show and acknowledged they would have to sell at some point. The core argument remains that if you are going to sell during a FOMO-driven rally, you must do so aggressively to avoid being picked off by traders watching for small exits. There is no easy way to unwind these positions without impacting the market or getting front-run.