#BNBBreaksATH Beware of Whale Manipulation
Whales in the cryptocurrency market are among the main entities that affect prices due to their ownership of large amounts of assets. The term "whale manipulation" refers to strategies employed by these large wallets to influence market movements in their favor. Some of the most prominent methods include: pump and dump, where whales buy large quantities of a cryptocurrency to raise its price, then suddenly sell it to take profits, causing a sharp decline in the price. Whales also exploit fake buy or sell orders to mislead traders into believing there is strong demand or supply. Tracking whale activity is important for investors to avoid falling into traps. Tools like Whale Alert exist to monitor large wallet movements and analyze the market. Understanding whale behavior is a necessary step to protect investments and avoid losses resulting from manipulation.