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Activity of the Whale and its impact on stars prices (XLM)

The world of cryptocurrency was dominated by a small group of people known as “whales”, with most of the market supply. These huge investors have a significant impact on price changes, including Stars (XLM). In this article, we examine the concept of whale activities and its effect on the prices of the stars.

What are the whales?

The whales refer to large and experienced cryptocurrencies who have long held large quantities of coins. They often work outside of traditional market structures, allowing them to collect huge tools through trade and speculation. The term “whale” appeared in the 1980s as the speech language of the largest and strongest Wall Street Street.

How do whales affect star prices?

The whale plays a decisive role in creating the price of the Star (XLM) due to their enormous storage and commercial activities. Here are some basic methods to influence the XLM prices:

• Market mood : Whales often have a large amount of XLM, which can affect the market mood. If a significant amount of coins start to sell or buy, this can lead to price changes based on the collective opinion of other investors.

• When multiple whales fall into the market with a large XLM volume, it creates an independence cycle that increases prices up or down.

• Commercial Activity : It is known that whales are active merchants who buy or sell huge XLM levels in high frequency in exchange or otherwise. These activities can cause instability and influence price changes.

• Liquidity : Whales often hold a large amount of XLM in their wallets or invest in various assets. This liquidity contributes to the sale of the coin, which can affect prices.

• Network Impact : The whale collective purchase and selling power creates a network effect that promotes price changes. When several whales fall on the market with high XLM volume, cumulative purchase pressure increases.

Examples of whale activity that affects star prices

In order to present the effects of whales on star prices, consider the following examples:

1
January 2020 : The largest whale known as DOGE was accused of manipulating XLM price with a large amount of coins. This event caused a huge deal in 2020. January, which has influenced prices throughout the year.

• ** February 2020

• ** March 2021.

Conclusion

The activity of the whale plays a key role in the development of stars (XLM). The enormous power and commercial activities of these influential investors can create autonomy cycles that increase prices up or down. In order to get to know the effects of whales on the XLM prices, you should closely monitor market atmosphere, supply and demand, commercial activities, liquidity and network effects.

As the cryptocurrency area continues to develop, it is very important for investors and market participants to find out about whale activities and its possible impact on the prices of stars (XLM).