PSA for those with large Moon Bags - How to maximize your sale price

I just came across someone on this sub with close to 400k Moons, which could be worth over $1m in the next couple of years. I have some practical advice for that person and others in this sub with large Moon bags when they decide to sell. Evidently, I have a needle dick bag, so it is not something I need to worry about.

Because Moons are not on a major CEX and liquidity is still relatively limited, you need to be careful when offloading a large bag into a stable coin. If you look to sell a large bag of Moons in one go, you could end up eating a lot of slippage if you sell in a market order. Instead of $1m that you should have earned, you could be walking away with something considerably less than that. This happens all the time - not a remote risk.

If your holding a large bag of a coin and that coin is listed on a major CEX, you can convert that bag into a stable coin at the price you want using using limit orders on Binance / Coinbase etc. If it is not listed on a CEX, like Moons right now, you do not have a way of exiting into stables through traditional limit orders.

You therefore have two options to avoid slippage: (1) good old DCA out - but by doing so you’re at risk of averaging down below the price you wanted to sell at, or (2) sell through single sided liquidity providing on Uniswap, which effectively allows you to sell your Moons into stables at a specific price (explained below).

Normally, liquidity providers put a pair of coins into a liquidity pool (e.g., Moons / USDC), with a view to earning a fee for the service. In single side liquidity providing, providers only put one of the coins in, and can set the price at which they wish the Moons to be sold at (just like limit orders on an Exchange, or when swapping between non-stable crypto on a DEX). So, as and when someone buys your Moons through the liquidity pool, they are depositing USDC with you at the ratio you decided.

This is what the Whales do, and it is what I would recommend big Moon holders do when the time comes, if Moons are still not listed on a major CEX. Not only does it allow you to sell at the price you want, but it is better for other Moon holders as it avoids tanking the price in the market when you exit - you’re not dumping everything at once when there isn’t enough buy-side demand to support the price.

Hope this helps some. Good fortune on your Moon harvest for the rest of the year.