Cryptocurrency YouTuber Daan De Rover, followed by 579,000, notes holdings at 5.5-year low 📉 #CryptoHolders #MarketUpdate

🚨 Why The #SEC Calling Cryptos Securities Is A Major Issue

1️⃣ Disclosures & Unknown Identities

The SEC's move to classify cryptos as #securities demands detailed disclosures.

But here's the catch: the original buyers of many coins/tokens, especially from ICOs, are often a mystery. Worst case?

Some of these #holders could be sanctioned entities or states!

2️⃣ Concentration of Holdings Exposed

If forced to disclose, we'd likely see the extreme concentration in ownership of some cryptos.

3️⃣ Why It Matters to #CryptoHolders

This isn't just regulatory jargon. Knowing who owns what and how much is crucial in the crypto world.

It's key to understanding tokenomics, something we focus on in our #crypto reviews. The average crypto holder should know this info.

What are your thoughts on the $HAMSTR listing? 🐹💰 How many Hamster coins do you own? Drop your screenshots and let's see who’s holding the most! 📊🚀

#HamsterCoin #hamstrkombat #CryptoCommunity #Binance #CryptoHolders