1. Whales buy a significant amount of a cryptocurrency, causing its price to rise 📈 rapidly. This attracts other investors (retail traders) who are afraid of missing out (FOMO), leading them to buy as well.
2. Once the price is high enough, whales start selling their holdings at the inflated price. This sudden selling pressure causes the price to drop sharply 📉 leaving latecomers at a loss.
Whales exploit market volatility and traders' emotions to create opportunities for big players to profit at the expense of smaller investors.
Recommendation: Always do your own market analysis and always feel like a whale 🐋🪙💸💰😉
