Another issue with Monero is the likelihood of big whales, that would be much bigger still than any Bitcoin whales, i don't think people hodling 500k XMR are rare in this community. You can bet your ass they will dump soon, people just want Dollars, not crypto, as sad as it is, it's still the truth of this world.
I doubt there is anyone with 500k XMR. Aloso doubt there are many Monero Cthulhu
0.) Cthulhu (200 000+ XMR)
1.) Leviathan (100 000+ XMR)
2.) Blue whale (60 000+ XMR)
3.) Orca (40 000+ XMR)
4.) Narwhal (20 000+ XMR)
5.) Dolphin (10 000+ XMR)
6.) Shark (5 000+ XMR)
7.) Black Marlin (2 000+ XMR)
8.) Wels catfish (1 000+ XMR)
9.) Tuna ( 500+ XMR)
10.) Electric eel (200+ XMR)
11.) Norwegian Delicious Salmon (100+ XMR)
12.) Gadidae (50+ XMR)
13.) Salmonidae (20+ XMR)
14.) Gilt-head bream (10+ XMR)
15.) Atlantic mackerel (5+ XMR)
16.) Herring (2+ XMR)
17.) Goldfish (1+ XMR)
18.) European pilchard (0.5+ XMR)
19.) Dwarf Goby (0.2+ XMR)
20.) Paedocypris (0.1+ XMR)
Monero Dolphins just become a millionaires, how long will it take for Monero sharks?