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DeFi Warhol
@Defi_Warhol
Tiering everything in crypto 5k MMR in research 15k MMR based tier list enjoyer Contributor KOL fren @GREEND0TS
Joined April 2023
1.6K Following    45K Followers
So many @fomo screenshots of people printing 5, 6, even 7 figures all over my timeline. This makes it seem like everyone is printing in this market. But that's far from the reality. Only ~5.6% of traders on FOMO are profitable, and only 74 traders out of ~460K total made more than $5K. Also, most of those PnLs aren’t realized. If a large holder decides to dump their entire position, slippage would eat heavily into those profits. Large sell + low liquidity = slippage eats into profits. So if any of these users tried to 1-clip their entire position, it could wreck the chart, drain liquidity, and leave every other holder underwater. Don’t let these screenshots bring you down. They're just there for show.
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