Interesting article on cryptocurrencies and this upcoming year’s tax filing requirements. Although my mental and critical thinking skills are a bit rattled after the October drop, I’m wondering if this could shed some light on the most recent crash? My thoughts gravitate towards the following:

Could whales be tanking the price of tokens by moving them off an exchange to cold wallet(s) they own to report a loss? Could some major companies have bought a ton of tokens at the beginning of the year, staked them, and sold toward the end of this year to get “free” returns (since staked rewards are a grey area)? Could I have just been stupid enough to think Solana would have hit $300 this year after buying 2 SOL at $200? 🥲

What are everyone’s thoughts?

submitted by /u/devin-luque [link] [comments]

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