In the volatile world of crypto, beware of the dreaded "whale trap"! đ Hereâs how these big players could be pulling the strings:
1. **Massive Sell-Off:** A whale dumps a huge chunk of assets, triggering a sell-off panic among retail investors. đ±
2. **Panic Selling:** As the price plunges, more investors panic and sell, driving the price down further. đ
3. **Strategic Buy Back:** Once the price hits rock bottom, the whale swoops in, buying up assets at a bargain while setting the stage for a market rebound. đ°
This sneaky tactic shakes out the weaker hands and lets whales scoop up more assets for less. With crypto markets being notoriously volatile, this strategy is a common game plan. Stay alert and donât get caught in the trap! đ„
