I've been watching the Ark market pretty closely the last few weeks. There is most definitely a whale, or a group of whales, trying to keep the Ark price down. Every time the Ark market begins to show a little bit of life, someone (probably a bot) will come along and crush it. Not only crush the rise, but then throw up 5-15 BTC sellwalls to kill any rebound. I don't believe any of the sellwalls are fake. They don't move even if someone comes along and starts buying into them. And if someone does buy them out completely, new sellwalls appear. Only after a certain amount of time will they go away, only to reappear again on the next rise.
Someone with a LOT of Ark is holding the price down. This latest spike will be interesting though. It looks like another whale has come in and is started buying at the 30000+ range. Let's see which whale wins.
Ahah funny what's you said. I will take a closer look at it when ark token prices will increase. By the way, I don't understand, why should a whale act like this. I mean, he has ARKs so he should want ARK prices to surge, or maybe he wants to dump the price, buy more little a little and then let the price go up ?
Hard to guess unless I know how much bitcoin/ark they have. I've seen dead coins go x100 if the whales can accumulate enough to control the entire market, then they can set the price. Ark is too big for that. Maybe they bought enough Ark when it was under 10000 sats that they still are selling it for a healthy profit, so it's no risk to them. If they can shake enough weak hands and day traders it might be worth it to drive the price down to accumulate more for cheaper, then drive up the price and profit even more. Now that Ark is at 20000 sats, I'm not seeing the same level of push down that I was when we were higher. If someone was holding the price down, I don't think they are doing it anymore.
My feeling as to why the price is going down further is that there just isn't enough buy support to handle the stakers slowly unloading their daily profits. As of now there is only 70 BTC of buy orders. That's pretty low, and it doesn't take much to drive the price down through those support levels. What really needs to happen is some positive Ark news, or some new staker groups entering the fray. The cost of entry has been 800,000 ark for quite some time. Pushing that entry point higher would really help the price.