What happens when a whale sells a large amount of cryptocurrency? When a whale sells a large amount of cryptocurrency, the price of the asset can drop due to the increased supply, causing panic among other investors.
What is the impact of whales on the crypto market? Whales can cause large price swings, affect liquidity, and influence market sentiment due to the significant size of their transactions.
Should I be concerned about whale movements? It is important to be aware of whale movements, but not to make decisions based solely on them. Maintain a solid and diversified investment strategy.