Topic: Ethereum’s ICO Whales Can Crash the Market at Any Time (Read 76 times)
It will be an interesting experience. It will be interesting to observe how the market will behave in such a critical situation
Crypto whales are generally thought of as wealthy traders with the ability to move markets via a single sell order. Yet the greatest whales of all aren’t traders but ICOs which own millions of ether worth billions of dollars. Over 3% of the total ethereum supply is estimated to be in the hands of ICOs, and when those projects cash out, as periodically happens, the effects can be dramatic.
https://news.bitcoin.com/ethereums-ico-whales-can-crash-market-time/
https://news.bitcoin.com/ethereums-ico-whales-can-crash-market-time/
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