Whales

Whales are the biggest fish in the crypto ocean. 

Whales are individuals or organizations that hold large amounts of cryptocurrency. Due to their massive holdings, whales can manipulate the market to their advantage.

Understanding whale activity can help traders avoid market traps!

The most common type of manipulation occurs when whales start massively selling or buying a cryptocurrency.

Massive Selling (Dumping):

• Whales sell large amounts of a coin, causing panic among smaller traders.
• This leads to a price drop, allowing whales to buy back cheaper later.

Massive Buying (Pumping):

• Whales buy large quantities of a coin, creating hype and FOMO (Fear of Missing Out).
• Retail investors jump in, pushing the price even higher.
• Whales then sell at the peak, making huge profits before the price crashes.