🚨 What Are Crypto Whales and Why Should You Care?🐋💥
In the world of cryptocurrency, *whales* are individuals or entities holding massive amounts of digital assets like $BTC or $ETH . These whales have the power to move the market with a single action! 📉📈
👉 When a whale sells a large chunk of crypto, *prices can drop* due to the surge in supply. On the flip side, *mass purchases* can send prices *skyrocketing*, creating a *bullish* wave. 🚀
But beware… 🧐 Whales don’t always play fair! Some common tricks they use include:
- *Pump and Dump* 🚀💸: Inflating prices to sell at a profit, then letting the price crash.
- *Spoofing* 🎭: Placing fake orders to deceive other investors and manipulate the market.
While whales bring *liquidity* to the market, their big moves can *shake up* smaller traders' strategies and profits. So, if you're a smaller investor, stay alert! 👀⚠️
