Este Artículo También is respondable in Español.
Yesterday, the major fluctuations of the Ethereum market (ETH) sparked a wave of reactions on social networks, with a co -founder of Ethereum claiming that certain major holders – or “whales” – deliberately pushed the price of the assets .
The activity reached a fever field on Monday, February 4, when the price of the ETH increased from around $ 2,900 to $ 2,120 before rebounding strongly. Despite the intra -day dive, Ether finally closed the day with a green wick of 26% – an unusual price rebound in such a short window.
Ethereum price manipulated by whales?
Analysts attributed the dramatic movement to external macroeconomic forces, including the American trade war under President Donald Trump. After imposing prices in Mexico and Canada at the start of the day, the president subsequently concluded an arrangement that stimulated a rapid recovery in the global markets, including cryptocurrency.
Related reading
The turbulence has led an observer, simply identified as “intern” (@intern), the director of growth in Monad, to publish a brutal feeling on X: “ETH is dying before us. Honestly, I never thought it would happen.
In response, the co-founder of Ethereum and CEO of consensys, Joseph Lubin, offered a composed perspective, stressing that these types of price swings are not unusual for digital assets: “This occurs regularly. Then he goes up. What we see is that whales take advantage of economic disorders and negative feeling to shake off the weak hands, run the stops, then buy when they can execute this same manual upside down. »»
Lubin’s declaration presents a cyclical understanding of the volatility of cryptography, which implies that the greatest players capitalize on market anxiety – often exacerbated by macro developments – to put pressure on investors less resilient in the sale.
Several eminent crypto traders have also commented on events, in particular on the accusations of manipulation led by whales.
A well -known figure, hsaka (@Hsakatrades), advised newcomers not to assume that ETH’s decline was motivated only by the feeling of the organic market: “Dear Noobs, Ethereum does not descend naturally. It is pushed by whales by placing SPOOFY sales orders on exchanges so that noobs and risk managers sell for “lower redemption”. They steal your bags and make you buy at a higher price. »»
Related reading
The concept of a concerted “usurpation” strategy – where important sales orders have passed and then canceled or only partially filled – have long distributed in cryptographic communities. Tactics would aim to trigger panic sales, allowing the so-called whales to accumulate positions at more favorable price levels.
The eminent merchant Pentoshi (@ pentosh1) offered a brief but sharp reaction, emphasizing how ETH underperformed compared to Bitcoin (BTC) in the last three years: “3 years to shake so far. I hope you are right.
The question of why the whales would eliminate the ether in particular were raised by the member of the Evmaverick392.eth community (@ evmaverick392): “Maybe I seem naive, but why the whales perform this maneuver exclusively on Ether? “
Lubin responded by establishing a parallel to conventional bank flights and suggesting that the recent wave of discomfort surrounding the Ethereum ecosystem has made the asset a main target: “Why do bank thieves steal banks – or accustomed? The (unjustified) Fud to the Ethereum ecosystem is currently the most pronounced. »»
At the time of the press, ETH exchanged $ 2,704.
Star image created with dall.e, tradingView.com graphic
