THINGS HAVE CHANGED FOR CRYPTOCURRENCY HODLERS (Whale Dump and Pump INCOMING?!)

Cryptocurrency hodlers have seen a lot of changes in recent times. Bitcoin, the original cryptocurrency, has seen a massive rally in price over the past few months, reaching an all-time high of nearly $20,000. This has been great news for cryptocurrency investors, who have seen their investments soar in value.

However, this has also brought a new set of challenges for cryptocurrency hodlers. With increased demand for Bitcoin, the market has become more volatile, making it difficult to predict when the price will go up or down. This volatility has also led to an increase in so-called “whale dumps” and “pump and dumps”.

Whale dumps occur when a large investor, or “whale”, sells off a large amount of cryptocurrency on the open market. This sudden influx of supply often causes the price to drop significantly, leading to losses for all investors.

Pump and dumps, on the other hand, occur when a group of investors work together to artificially drive up the price of a cryptocurrency. This is usually done by buying a large amount of the cryptocurrency and then immediately selling it, resulting in a quick “pump” in the price.

Cryptocurrency hodlers should be aware of these types of market manipulation and take steps to protect themselves from potential losses. The best way to do this is to stay informed and to keep an eye on the market. By doing so, you can spot any potential manipulations and make sure you don’t get caught off-guard by a sudden price crash.

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