So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.
Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.
I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.
There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.
Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.
You make a good point. Could be that indeed a few whales are stupid (rich ?) enough to put that much BTC on their Polo accounts.
And if they really manipulate the markets as skillfully as it seems, maybe they make enough money to calculate in the risk of an exchange getting hacked and their BTC stolen.
But then again, if the SEC really checks up on activities on Polo, that would mean that these whales could also be prosecuted for manipulating the market right ?
And it doesn't seem like that is happening, since everything in cryptoland is blatantly manipulated.
So it doesn't seem like the SEC is controlling anything crypto related, which would mean Polo could also do what they want right ?
All they have to do is create a false user account and use that to make their dodgy trades.
