Bearwhale
| Bearwhale - a person who possesses a high volume of cryptocurrencies and uses them to lower the market price as a means of profit. A bearwhale is a person who owns a large amount of cryptocurrencies and deliberately drives down the market price in order to make a profit. Bearwhales are a major problem for the cryptocurrency market. They can single-handedly manipulate the price of a coin by selling large amounts at a time. This causes the price to drop, which benefits the bearwhale by allowing them to buy more coins at a lower price. Bearwhales often target small or new cryptocurrencies that are not well known. This is because it is easier to manipulate the price of a less popular coin. The bearwhale problem is compounded by the fact that many cryptocurrency exchanges do not have proper anti-manipulation measures in place. This means that bearwhales can often get away with their activities. The best way to combat bearwhales is to increase awareness of their activities. Exchanges need to put in place better safeguards to prevent manipulation. And investors need to be aware of the possibility of bearwhale activity when considering investing in a new cryptocurrency. |
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