🚨 Memecoin Whales: How These Gigantic Entities Operate, Against and In Favor.
"Meme whales" operate with three main strategies:
* Silent Accumulation: They buy large volumes of a token over a long period, usually when the price is low. This causes a gradual increase in liquidity and paves the way for the next phase.
* Pump and Dump: They take advantage of moments of hype to promote the asset in their communities and platforms. With the price rising, they sell their coins gradually, making a huge profit.
* Position Liquidation: Whales also move to liquidate large volumes in a short period, often during moments of market volatility, creating panic and causing the price to plummet.