Whales, or large financial entities, can manipulate markets by employing various tactics. One common method involves creating a "bear trap." Whales initiate a sell-off, causing a price drop. This triggers panic selling among smaller investors, further depressing the price. Once the price reaches a low point, the whales swoop in and buy up the discounted assets, profiting from the initial sell-off.

A recent example of a potential bear trap occurred in the cryptocurrency market with the sell-off of #WIFUSDT (dogwifhat). While the reasons for the sell-off are multifaceted, some analysts speculate that whales might have intentionally dumped their holdings to drive down the price and accumulate more #WIFUSDT at a lower cost.

If you see the #WIFUSDT large holders and the supply they hold, you will find out they aren't selling like small/retail investors. For example the following is a large #WIFUSDT holder address on solcan.io:

'ADaENsRth44fqKE9vwXwQjjiNr6ZLd2jVTEkCp8hfRcL'

This person isn't selling its bag of #WIFUSDT rather it is buying more and more. You can see that in its account transactions.

I would say if you have conviction in a coin, for example you believe it is a meme coin super cycle, then rather than selling your bag to whales hold it for a longer period. If it slips down buy the dip and sell when your bag when it reaches your desired realistic target in the future.