$DEXE Whales, possessing 97% of the capital, have almost total control over the price (Source COIMARKETKAT). This way, they can make a lot of money through manipulation by mass selling of their tokens to lower the price. If they sell a large amount of coins all at once, the price drops because there is more supply than demand, which generates panic among small investors, who also sell, accelerating the decline. Once the price has dropped low enough, the whales buy back at a much lower price. If they sold at $12.97 and bought back at $11.60, they recover $1.57 in profit for each coin. If in one operation they sell 100,000 coins at $12.97 and buy back at $11.60, they gain $187,000 in a single move. Not bad, right? And if they repeat the process multiple times, the profits can be in the millions.

Now imagine that they leverage, as they control the price the risk is zero. If the leverage is 10x, $100,000 becomes $1 million. With 50x leverage, the amount gained would rise to $5 million.

I hope you understood it, the question ❓ is this valid in the world of cryptocurrencies? How does it affect small investors?

Giorgio