Ever found yourself sitting on massive gains from a single token but terrified of the tax bill?

When most of your portfolio is locked in one winning position, cashing out feels like handing half your profits to the taxman. The capital gains hit can be brutal—especially if you're dealing with short-term rates.

So what's the play here? Some folks diversify gradually, others explore tax-loss harvesting, and a few even consider relocating to crypto-friendly jurisdictions. There's also the strategy of using your gains as collateral instead of selling outright.

Anyone navigating this situation right now? Would love to hear how you're balancing risk management with keeping more of what you've earned.