https://www.cryptopia.co.nz/Exchange/?market=TRC_BTC#
I can't post a picture, but I don't even see an order at 0.00003000, or gather where you are getting the 25% gone from since how would you differentiate multiple sellers at that price? I would think you'd be tracking an address being sold out. Can you kindly verify for me where you are getting this idea that a singular whale is selling at at 0.00003000, and how you are figuring out 25% has been sold? Thanks
I can't post a picture, but I don't even see an order at 0.00003000, or gather where you are getting the 25% gone from since how would you differentiate multiple sellers at that price? I would think you'd be tracking an address being sold out. Can you kindly verify for me where you are getting this idea that a singular whale is selling at at 0.00003000, and how you are figuring out 25% has been sold? Thanks
Like clockuniverse said, you can see the wallets on depth/dist on cryptopia. We saw them put up a large sell wall, so we know how much they originally had, and that they are selling down and what the current value of that wallet is. Do we have an exact address? nope, its on the exchange. But all the proof is there if you have time to stare at the charts.
No, you cannot see "wallets" on Cryptopia. At best you can see particular orders. I've looked at the depth charts and never seen this "whale".
I am quickly losing faith in this coin... It is amateurish to make up reasons/blame 1 entity for the price action.
Perhaps you can provide screenshots of this huge order? It certainly doesn't exist whenever I've looked. If someone can't post proof, than I have to think this is a hype/excuse coin trying only to capture the "masternode" angle with leaders who are spending most of their time hyping the coin and making up fantasy stories about "whales".
I was typing this while you were posting:
I can explain how I am getting this data.
Someone pointed out that a new account had shown up on Cryptopia with a ton of coins. I checked it out and it was over 2 million. I don't remember the exact amount because I just kind of looked at it and thought, "Wow, that is a lot of coins." Later that day someone said someone put 2 million coins on Cryptopia in a sell order but when I went to look it wasn't on the sell books. So I checked the depth/disto and the two million was still there. Still didn't bother to record the total.
Then the price started to drop hard and I checked the whales balance and it was slowly going down. After a while we were down to 4000 sat and I decided to do a little detective work. I took a screen shot of the whales balance and then watched the buy orders and checked the whales balance after each buy order was filled. After a while the price never got above 4000 sat and from comparing buy orders to balance I was pretty sure that any buy order placed at 4000 sat or above was sold to from the whale.
To verify this (the price was at like 3500 sat), I put in a buy order and slowly inched it up every 20 minutes or so. The whole while hoping that someone else wouldn't sell into my buy order. After my buy order was at 4000 it took six and a half minutes before the whale sold into it.
I guess I forgot to mention I was timing the intervals between sells to see if there was an obvious pattern (like if he sold every 10 minutes or so), but that data was inconclusive. Sometimes there was no buy orders at 4000 for long periods of time. Etc.
The next day around 1:15 pm PST suddenly the price was pushed down to 3000 sat, and I did the whole thing all over again. I didn't bother timing the intervals this time though.
Also during this data collecting period I found out that the whale does buy ≈1 TRC every once in a while. I believe this is to try and trick people into thinking the market is on the rise so they will put in buy orders at 3000 sat or above.