In the world of cryptocurrency, something new and exciting happens every day. We've discussed numerous times how large players, known as "whales," can dramatically change the market's dynamics simply by entering or exiting a position. In one of our previous articles, we explored how actions taken by major investors have led to sharp price spikes or even crashes in token value. (For those who missed it, you can check out that article here). Today, we'll focus on a fresh example and try to understand how the actions of these large players can become not a threat, but an opportunity for retail investors to profit.
Insider Information in Cryptocurrency
The price of $FET has surged by 70% over the past 7 days! Recently, a major token holder (or "whale") realized their mistake after selling off tokens and decided to buy them back, spending $2.385 million USDT to purchase 1.79 million $FET on Binance at a higher price of $1.33
At the same time, earlier, this whale had sold 2.33 million $FET for the same $2.385 million USDT at a price of $1.02 between August 11 and August 23.
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