Whale Trades: The Hidden Force Driving Crypto Markets
Whale trades—huge transactions executed by big players in the crypto space—are a significant factor in the market. A recent example saw a whale unload 91,356 AAVE tokens at $225 each, totaling around $20.59 million. This sale resulted in a 7.59% drop in AAVE’s price, highlighting how a single transaction can shake market foundations. But this isn’t just a one-off incident; it’s part of a wider phenomenon that raises questions about market stability.
Whale trades are known for altering market sentiment. When a whale offloads a large stash of crypto, it can incite fear among smaller investors, prompting a sell-off. On the flip side, substantial purchases can bolster confidence and push prices upward. The AAVE trade is a case in point,…
