Quote from: justdimin on Today at 09:52:21 AM

Quote from: CypherMonk on November 30, 2024, 12:21:05 PM

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?

I have been in charge of a few coins (tokens) before and I can tell you that if you go low enough in rankings, there are tokens that are controlled by just one or two people, sometimes it's the devs because they give themselves a lot, but nowadays it's whales and that is not really that great for the market because if there are few people who can crash it any given time, there is no way that it will go up.

These whales try to make sure that they can get out, after all the volume and liquidity doesn't allow them to sell it all at a good price, they would crash the price if they do that and would not help, but at the same time they do not let it grow too much neither by selling whenever there is a pump, their only aim is to get the most and get out.

At least it doesn't happen on that scale with big coins.
Their sheer trading volume and cap can't be toppled down.
Currently, that is.
Grin