A CryptoPunk NFT investor sold at a $10 million loss as top NFT collections struggle to recover from their 2021 highs amid falling trading volumes.
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Whale News
A cryptocurrency whale, often known simply as a “whale,” is an individual, institution or exchange in the crypto community that holds substantial quantities of cryptocurrencies. Whales hold enough cryptocurrency to be able to manipulate the price of cryptocurrencies. As a result, the state of the market can be understood by observing how whales act, whether they are selling or accumulating.
A whale occasionally posts a sizable order to sell a considerable amount of its cryptocurrency tokens, also called the “sell wall” effect. They maintain a lower price than other sell orders, leading to volatility, which generally lowers the price of digital coins. Following this, there is a domino effect where others sell their tokens at lower prices out of panic. As a result, whales gain more power, as they can purchase more coins for less money.
In addition, whales frequently artificially raise the price of the tokens by placing large buy orders, which is the opposite of the sell wall effect. They increase interest in cryptocurrency tokens, which motivates buyers to improve their offers. In essence, whales impact other token investors through a ripple effect. They can influence the market in their favor by raising and lowering prices.
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The Donald Trump-backed crypto project, World Liberty Financial, may have also sold some of its Ether stash — but at a loss.
10747 - News
The whale’s $340 million short position faces liquidation if Ether’s price falls below $1,119 amid growing investor fear.
12582 - News
Solana whales have sold nearly $50 million of recently unlocked tokens.
6009 - Markets News
Bitcoin whales scoop up BTC every time it slips to its price range lows, mirroring a bullish trend seen in 2020.
5054 - News
Bitcoin and stocks face pressure as Trump prepares new tariff announcements for April 2, sparking trade war fears and cooling investor risk appetite.
14564 - Price Analysis
Bitcoin continues to face selling near $90,000, but the shallow pullback suggests that traders are viewing price dips as purchasing opportunities again.
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Polymarket’s Trump/Ukraine mineral deal bet sparked a backlash as a whale-controlled vote settled it incorrectly, raising concerns over manipulation and governance risks.
2896 - Altcoin Watch
Several Solana network-specific and broader crypto-focused factors are behind SOL’s price recovery.
4470 - News
Ether whale accumulation started rising at the beginning of March, suggesting that large holders are expecting an ETH rally in the near term.
14943 - Price Analysis
This week’s Bitcoin rallies failed to overcome sellers at the $87,500 level, but many analysts still believe the corrective bottom was at $77,000. How will altcoins react while BTC trades in a range?
6747 - News
The Bitcoin whale closed his short position shortly after a lower-than-expected CPI reading flashed an optimistic Bitcoin signal, due to easing monetary inflation concerns.
7032 - News
An apparent joint community effort to liquidate an unknown Bitcoin short-seller could be part of an emerging trend, says 10x Research’s Markus Thielen.
5203 - Market Analysis
ETH price failed to rebound from its recent sell-off, and matters could get worse if the altcoin falls under $1,900.
4379 - Market Analysis
XRP retraced most of its recent “Trump pump” and data shows whales selling their positions.
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