ETHFI's remarkable surge in value could partly stem from substantial purchases by influential investors, colloquially known as 'whales' 🐳 These investors often employ a strategy dubbed the 'Wyoming curve,' initially investing significant sums, then gradually acquiring more cryptocurrency in smaller increments to maintain price stability. Once the price stabilizes, they incrementally increase their holdings, subtly driving up the price trajectory 📈
Subsequently, they strategically divest small portions of their holdings to prevent rapid price declines before potentially making significant sales, including shorting ETHFI's price. This approach enables them to generate substantial profits without resorting to dubious tactics such as pump and dump schemes 📊 Hopefully, this phenomenon won't adversely impact holders who entered at favorable prices, believing in the project's potential and the intrinsic value of the token. Let's observe where this trend takes us.
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