#VIRTUALWhale **VIRTUAL WHALE REVEALED**

"Virtual Whale" is a fascinating crypto term:

Definition:

Virtual Whale refers to an entity or individual that controls a large amount of cryptocurrencies, but unlike traditional "whales" (institutional investors or millionaires), this wealth is:

1.Fictitious or inflated: not actually owned or incorrectly valued.

2.Distributed across multiple accounts: to hide true identity and control.

3.Used to manipulate markets: through coordinated operations to influence prices.

Tactics of Virtual Whales:

1.**Pump and dump**: inflate prices and sell for profit, leaving others with losses.

2.**Wash trading**: fictitious trades to create volume and deceive investors.

3.**Spoofing**: false orders to influence prices and confuse the market.

Consequences:

- Destabilization of the crypto market

- Financial losses for innocent investors

- Damage to the reputation of the crypto industry

DETECTING VIRTUAL WHALES AND REAL CASES

How to detect Virtual Whale operations:

1.Anomalies in trading volume: sudden and significant increases in volume.

2.Suspicious order patterns: multiple identical or nearly identical orders.

3.Prices detached from fundamentals: prices that do not reflect the reality of the project.

4.Coordinated activity on social media: bombardments of tweets or posts with manipulated information.

5.Monitoring wallets and movements: suspicious transactions between related wallets.

Real cases of Virtual Whales:

1.Mt. Gox and Willy Bot (2013): a bot manipulated Bitcoin prices on the Mt. Gox exchange.

2.Tether and Bitfinex (2019): accusations of manipulating Bitcoin prices via Tether.

3.PlusToken (2019): a crypto Ponzi scheme that manipulated prices of various coins.

4.BitConnect (2018): another Ponzi scheme that manipulated prices of its own coin.

5. **Crypto Banker and Ethereum (2022)**: accusations of manipulating Ethereum prices by an anonymous "crypto banker."