There are currently anonymous whales who appear to be conducting a manipulation called the "Wyoming Curve", mainly targeting Dogecoin. The so-called "Wyoming Curve" may be a price manipulation tactic that aims to cause price fluctuations in a short period of time, causing market participants to follow suit.
The whale is described as stabilizing the price by regularly purchasing small amounts of Shiba (SHIB) and gradually increasing the amount of purchases, pushing the price up in a stealthy way. Once the price rises, other uninformed traders may follow, causing more people to join in and buy.
When the whale runs out of capital, he reverses his strategy and starts selling SHIB with small sales orders. He may buy SHIB in larger quantities when the price trend is down, or even short SHIB in a downtrend. Eventually, when the whale achieves his desired effect or exhausts all SHIB, the price will likely fall.
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