đš Market Pump and Dump Alert! âïž
Ever wondered why the market suddenly skyrockets and then crashes just as fast? You might be witnessing a classic whale trap in action. đ
Here's how it goes down:
1. The Pump: Whales dive in, buying up a huge chunk of a cryptocurrency, causing the price to soar. This rapid rise triggers FOMO among retail traders, who rush to buy in, pushing the price even higher.
2. The Dump: Just when it seems like the only way is up, whales offload their massive holdings at the peak. The sudden sell-off crashes the price, leaving late buyers with hefty losses.
Whale traps are all about playing on market volatility and traders' emotions, creating profit opportunities for the big players while smaller investors get caught in the tide. Stay sharp and don't get trapped! â ïž
