What does bags mean in crypto?

In the crypto space, the word bag refers to the coins and tokens one is holding as part of their portfolio . Typically, the term is used to describe a significant amount of a particular cryptocurrency.

Extremely large holdings of a specific cryptocurrency are sometimes referred to as “heavy bags.”The term is useful in distinguishing between different coins or tokens within an individual’s overall portfolio.

1 BAG = 0.007684 USD .