In the crypto market, there's a pattern known as the "Game of Whales," which often tricks retail investors. Here's a simple rundown
1. First, altcoins (like $SUI and $Virtual) see a small rise, similar to what we saw in late 2024.
2. Some altcoins will experience huge gains, making everyone excited about a potential bull market.
3. People start to FOMO (fear of missing out), thinking the market is going up for good.
4. After a short while, the prices dip slightly. Many think this is a chance to buy in, so they do.
5. Prices stabilize for a bit, but then a bigger dip happens. Retail investors, hoping for a good deal, buy more to average down their positions.
6. This pattern of small corrections and consolidations continues. Retail investors keep buying in.
7. Eventually, the whales (big players in the market) manipulate the prices, dropping them back to the level where the rally started.
8. By now, most retail investors have spent all their money trying to lower their average price.
9. The whales then buy up coins at a huge discount—sometimes 200% to 500% lower than what retail investors paid.
10. Retail investors can’t sell before the whales, so when prices finally recover, the whales make huge profits, and the retail investors are stuck, with little or no gains.