Navigating Whale Activity in Crypto: Strategies for Startups
The crypto world is a whirlwind of activity, and one of the most intriguing elements is the behavior of whales. Recently, we saw a whale on the Astar Network pick up an astounding $126 million in ASTER tokens. This kind of move can shake up market sentiment, and it raises some questions for startups and investors alike. Let’s unpack what this means and how startups can prepare for this kind of volatility.
Whale Power and Market Sentiment
Whales are heavy hitters in the crypto game, holding large amounts of currency that can significantly impact market dynamics. When a whale accumulates tokens, it often paints a picture of a bullish outlook. They’re effectively pulling tokens out of circulation, which might boost market confidence and…
