Whales, as you may have guessed, are large investors in cryptocurrency. And, like all investors, they want to make money. But unlike other investors, whales have a lot more money to invest, and they can move the markets with their trades.
So, how do whales manipulate crypto?
They do it by buying and selling large amounts of cryptocurrency, often at the same time. This causes the price of the currency to go up and down, and whales can make a lot of money by buying low and selling high.
Of course, this is all speculation. We don’t know for sure if whales are manipulating the markets. But it’s certainly possible, and it’s something to be aware of if you’re trading cryptocurrency.
Other related questions:
Q: How do whales influence crypto?
A: Whales are large investors in cryptocurrency who can influence the market by buying or selling large amounts of currency. Their actions can cause the price of a cryptocurrency to rise or fall, and their trading activity can be used to predict future price movements.
Q: How does crypto get manipulated?
A: There are a few ways that crypto can be manipulated:
1) Price manipulation – This is when someone artificially inflates or deflates the price of a crypto asset in order to make a profit.
2) Pump and dump – This is when a group of people collude to buy up a large amount of a crypto asset, driving up the price, and then sell it all at once, crashing the price.
3) FOMO – This is when people buy into a crypto asset because they are afraid of missing out on the potential gains, without doing any research. This can lead to people buying at the top of the market and then selling when the price crashes.
4) Shilling – This is when someone promotes a crypto asset in a misleading or deceptive way in order to make a profit.
Q: How much of crypto is owned by whales?
A: There is no definitive answer to this question, as it is difficult to track how much cryptocurrency is owned by “whales” (large investors/holders). However, estimates suggest that whales may own up to 40% of the total supply of Bitcoin.