Crypto Whales Manipulate the Market

27/08/2024

Authors: CryptON

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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

Crypto Whales Manipulate the Market

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.

Crypto Whales Manipulate the Market

This example vividly illustrates just how dynamic and unpredictable the cryptocurrency market can be. Even experienced players like whales can make trades that soon lead to FOMO (fear of missing out). For regular investors, these situations might seem like nothing more than a nerve-wracking game, but in reality, they present a unique opportunity to profit

TIP: Wallet filter search is a service that finds wallets according to specified criteria in seconds. With filters, you can identify smart traders, market makers, celebrities, and even insiders who often close deals profitably or accumulate promising assets.

You can find this section here.

An example of filling out the fields is shown below:

Network selection: 5 networks available for you.

Smart contract address: Enter the altcoin ticker, and the smart contract will be displayed automatically. Ensure that you are searching for the token in the specified network

Time range: You can specify from 1 to 7 days.

Minimum trade volume: Ensure that the purchased token has sufficient volumes on DEX. If the minimum volume is set higher than what’s on DEX, you won’t find the wallets

After completing all actions, click on "New Search."

In addition to the required fields mentioned above, you can also use the additional filter fields for:

Minimum ROI – measures the return on investment as a percentage of capital efficiency.

Minimum Profit – the total amount of profit earned by the wallet on the token during the specified time period.

Minimum Winrate – the percentage of successful swaps made by the address with the token over the specified time period.

How to Profit from Tracking Whales

Tracking whale activity is one of the most effective strategies for understanding where the market is headed. Large transactions can signal upcoming price changes, so correctly monitoring such actions can be key to success.

Previously, we mentioned that market insights can often come from market makers. As an example, we will now demonstrate how you can track them effectively.

Crypto Whales Manipulate the Market
Go to the "Collections" section, where you'll find a variety of curated lists, including major investment funds, market makers, celebrities, and large coin holders (whales).

Go to the "Market Makers" tab and select any market maker that interests you.

Crypto Whales Manipulate the Market
For example, Cumberland. We recently wrote an article about how they were buying up the market on August 5th, right at the bottom while everyone else was selling - Link

Now, open the first wallet and click "Add to Favorites."

Crypto Whales Manipulate the Market

The wallet will now be saved in the "Favorite Wallets" tab, ensuring you never lose track of it. To set up tracking for your favorite wallets so that all their activities are sent directly to your Telegram, read more in this guide.

By following this strategy, you'll stay one step ahead and be able to profit from market changes driven by whale activity

Main/News blog/Crypto Whales Manipulate the Market

Crypto Whales Manipulate the Market

How to Profit from Tracking Whales

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