This article is also provided in Spanish.
Yesterday, the major fluctuations in the Ether Lee (ETH) market caused a lot of reactions throughout social media, and the co -founder of Ether Leeum insisted that a specific large -scale holder (or “whale”) was deliberately falling the price of assets. .
The activity reached a passionate pitch on Monday, February 4, with ETH prices from about $ 2,900 to $ 2,120. Despite the plunge in the vein, Ether ultimately ended the day of 26% green wicks.
Ether Leeum price manipulated by whales?
The analysts were attributed to the external macroeconomic forces, especially the US trade war under President Donald Trump. At the beginning of the day, after imposing tariffs on Mexico and Canada, the president later hit a contract that led to a rapid recovery in the global market, including cryptocurrency.
Related reading
Due to the turbulence, Monard’s growth director, “interns” (@INTERN), simply led the observer to post a clear feelings about X. “ETH is dying in front of us. Honestly, I didn’t think this would happen. ”
In response to this, Joseph Lubin, co -founder of Ethereum and CEO of consensys, emphasized that this type of price change is not rare for digital assets. Then it is rapid. What we are looking at is a whale that uses economic turmoil and negative emotions to reverse the weak hands, stop, and reverse the same playbook. ”
Lubin’s statement suggests a periodic understanding of encryption volatility, suggesting that large players use this in market anxiety worsened by macro development.
Some prominent password merchants have mentioned the case, especially the criticism of whale -led manipulation.
Hsaka (@hsakatrades), a well -known figure, advised not to assume that ETH’s decline was purely led by purely organic market sentiment. It is placed in a whale to replace the spoupy sales order so that the idiot and the risk administrator will be sold back. They will steal your bags and buy it again at a higher price. ”
Related reading
The concept of a common “spouping” strategy, which is canceled, partially filled or partially filled after a large -scale order order was deployed, has been circulated for a long time in the encryption community. Tactics aim to cause panic sales, allowing the so -called whales to accumulate positions at a more favorable price level.
The prominent merchant Pentosh (@Pentosh1) has provided a simple but pointy response, emphasizing how ETH is lower than Bitcoin (BTC) over the past three years. I hope you are right. ”
In particular, the question of whether whales will single out of ether is the community member EVMAVERICK392. It was raised by ETH (@evmaverick392).
Rubin suggested that it led to parallel to the existing bank robbery and that the recent anxiety over the Etherum ecosystem has made the main goal of assets. The FUD (unlimited) for Etherrium ecosystem is now the most noticeable. ”
ETH was traded at $ 2,704 in the press time.
DALL.E, major images made with charts on TradingView.com