What would likely happen if 100,000 people each bought 100 $EGLD assuming:

•Circulating supply ≈ 13.4 million EGLD

•Price = $16.40

•Total EGLD purchased = 10 million

What would happen:

1. Immediate Supply Shock:

•10 million EGLD is ~75% of the circulating supply.

•That level of demand would overwhelm all available sell orders on exchanges.

•Result: Massive price spike due to slippage and FOMO.

2. Order Book Effect:

•Exchanges work on supply/demand matching.

•As buy orders stack up and supply dries, the price jumps with each new trade.

•A large portion of those 13.4 million EGLD is not even on exchanges (a lot is in cold wallets, DeFi protocols, pending txs, or held long-term).

3. Price impact:

•Price wouldn’t stay near $16.40. With that level of demand and such limited actual liquidity, EGLD could easily 5x, 10x, or more short-term.

•The final price reached would depend on how many holders decide to sell into the rally.

4. Network effects:

•Surge in new wallets = social media buzz, mainstream attention, higher visibility.

•More staking, more DeFi use, more scarcity.

Final thought:

Even 2–3 million EGLD of serious buying pressure could send EGLD flying due to the thin real float. 10 million is a market-wide event.