Post
Topic
Board Trading Discussion
Re: Coins being manipulated by crypto whales
by
Silberman
on 02/12/2024, 18:28:25 UTC
Recently, it's become a concern that crypto whales can manipulate the market. Does this apply to altcoins only, or can these crypto whales manipulate all coins, including those with a higher market cap?
It should be obvious that manipulating a coin with a low market cap is easier since you need less money to do it, and that is exactly what pump and dump groups do, so there is ample evidence of this being the case, however even big markets can be manipulated but only for a short time frame, whales often take advantage of an event that took place, and then they amplify it through their actions, this way they do not have to use that much money to manipulate the markets and get better results this way.