This Data Shows Ethereum Whales Are Manipulating ETH Prices, Is That True?

The Ethereum whale investors have maintained an influence on ETH price. This is because they use their holdings to create their desired trend in the ETH market. But their impact is raising more brows as per the data from CryptoQuant.

In the crypto space, the whales are persons or entities with higher investment holding of a particular asset. Holding a significant amount of cryptocurrency makes it easy for whales to manipulate and influence the crypto price.

Over time, the perception has always been that the whales project negative influences on the market. This is because they always take the upper hand in the uncontrolled market to exert a manipulation pattern on prices. The intention is not to bring instability to the market but to ensure their interests and gains.

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