Beware the Whale Trap: How Crypto's Big Players Manipulate Markets
Ever noticed a sudden crypto spike followed by a drastic crash? It might be a whale trap!
Here's how it works:
1. Whales buy up a coin, artificially inflating its price.
2. Fear of missing out (FOMO) kicks in, drawing in smaller traders.
3. Price surges as retail traders rush to buy.
4. Whales sell at the peak, causing a sharp decline.
5. Latecomers are left with losses, while whales profit.
Whales exploit market volatility and emotional trading, preying on smaller players. Don't fall victim!
Stay vigilant and informed to avoid getting trapped.