Owning many tokens does not automatically mean you are diversified.

Different assets can still depend on the same risk drivers: Bitcoin direction, global liquidity, leverage, regulation, or sentiment toward a single blockchain sector.

To evaluate diversification, consider:

• Correlations during both calm and stressed markets
• Exposure by blockchain ecosystem
• Concentration in one sector or narrative
• Stablecoin and counterparty dependencies
• Liquidity under difficult market conditions
• The effect of one broad decline on the full portfolio

Diversification cannot eliminate loss, but understanding shared dependencies can reveal risks that token count alone may hide.

This is general educational information, not a recommendation to buy or sell any asset.