$1 Billion in Trades, Thin Pools Leave Coinbase Token Holders Exposed
Coinbase's stock tokens have reached $1.02 billion in cumulative trades, but when it comes to selling, holders are left exposed due to thin pools of liquidity.
A recent check by KyberSwap showed that for a $100,000 sale of each of Coinbase's 10 stock tokens on Base, the projected proceeds landed between 0.06% and 0.71% under KyberSwap's own dollar valuation of the tokens on offer.
The quotes have a boundary: they price a single order at a single point in time, but do not reveal how the market would cope with many holders trying to leave at once.