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  • It already did, when the value of the coin was realised.

    Expand the earlier scenario.

    I make two coins, and sell you one for $100,000.

    The market cap is $200,000.

    My balance sheet shows $100,000 cash, $100,000 shitcoin

    You B/S shows $100,000 shitcoin, -$100,000 cash.

    Shitcoin goes to zero, I have 100,000, you have -100,000.

    You can apply basic accounting principles that all transactions have a balancing debit & credit.

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