#VIRTUALWhale

Hi Fam 🤗

I hope you are all well.

How It Works:

Whales drive the price down by selling large amounts of cryptocurrency. This triggers stop-loss orders placed by smaller traders, further accelerating the price drop. The whales then buy back the cryptocurrency at a lower price, profiting from the chaos.

How do crypto whales make money?

Short-Term Price Spikes

Pump-and-dump schemes mean crypto whales artificially inflating crypto prices to attract naive investors. The crypto whale then sells its holdings at the inflated price when the price has been driven up to a certain value, making substantial revenue.

How much money do you need to be a whale in a crypto ?

The exact amount that an investor needs to hold to be classed as a whale varies depending on the specific cryptocurrency, but generally speaking, holding 1,000 or more Bitcoin would qualify someone as a Bitcoin whale. At the time of writing (November 11, 2024), 1000 BTC is the equivalent to around $8 million dollars.

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