The Whales Of Ethereum ICO Can Crash The Whole Cryptocurrency Market At Any Time

[vishnureddy1111]

The Whales Of Ethereum ICO Can Crash The Whole Cryptocurrency Market At Any Time. Generally, The wealthy traders who can almost create a catastrophic fall or raise in the crypto market via single sell order are known as whales. Most of the whales are not yet traders but ICO’s who hold millions of Ethereum coins which is worth almost billions of dollars. According to some researches almost 3% of Ethereum is in the hands of the ICOs. What if they withdraw the amount of coins or what if they sell all there coins it will effects a dramatic fall for Etherum. There will be huge fall for the Ethereum price if the whales sells or withdraws there coins.

On the date of 18th march 2018 Ethereum has taken a huge dip while other cryptocurrencies are trying to get out from the endure. Ethereum price has gone to 464$ from 516$ only under two hours. It was a huge drop for the price of Ethereum in small amount of time.

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[metenjean]

This article is being paranoid, sure any huge investor with a lot of investment can crash the whole market but will they really join hand to hand to crash the market? As we all know there are more than 1 whale in the ocean and the same being said with this investor. Even if one of them sold their portfolio of ethereum, there is no guarantee that other will follow them or even buying their shares.

Moreover, i think this article already answered their own question,

Most of the whales are not yet traders but ICO’s who hold millions of Ethereum coins which is worth almost billions of dollars. According to some researches almost 3% of Ethereum is in the hands of the ICOs.

Don't think 3% of ICOs who hold ethereum can crash the whole market, if 3% is considered as a pack of whales for all ICOs combined then that doesn't sound like the crash will ever happened anytime   and not to mention if you're talking about cryptocurrencies then bitcoin is included as well and all of us know how much total value of bitcoin compared to other crypto