Here in the realm of cryptocurrency, large investors—affectionately dubbed “whales“—can and do exert the power to sway the market in either direction. When a whale decides to either buy or sell not just a few but many thousands of a certain token, the price will respond in either an up or down motion with varying degrees of speed and intensity; the very nature of the term “whale” indicates that we’re dealing with a kind of investor whose actions cause some serious splashing about. One whale who, not too long ago, suffered a notable $5.02 million loss on their investment in
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