I agree the Whales probably aren't directly connected--although it's also possible that a single entity owns a huge percentage of the liquid market. But as I mentioned above, I think it would be fairly easy for the whales to communicate with each other (call it market sonar ), and coordinate their actions. Remember these whales have $millions per year to pay a staff of expert market watchers and to buy sophisticated tools (this alone makes it so small investors simply have no chance). I would think a Whale would be incentivized to play the long game. Imagine you held, say, $100B in Vn666 and you wanted to bail out of it, or at least diversify. With that much of the supply, you would need to be very careful in order to maximize your yield. It would take months to get rid of even a few percent of Vn666 with seriously affecting the market. Indeed, if you were crazy and just wanted to crash the market to zero, you could just dump a few $billion on the market in the middle of the day and watch the fireworks . There would simply not be enough buyers to absorb the supply, and then the market would panic when the price level dropped, triggering even more sell-offs*. Instead, I would imagine a whale's task is a multi-year project, dumping enough to get rid of some of their holdings at a higher price, then buying some of it back to keep the long-term confidence in the product stable, then dumping some more, and so on. (* In another thread, we should all discuss the effects of the leverage markets like Hyper Liquid, and what this does to the markets, because I think that's very significant as well).
I agree the Whales probably aren't directly connected--although it's also possible that a single entity owns a huge percentage of the liquid market. But as I mentioned above, I think it would be fairly easy for the whales to communicate with each other (call it market sonar ), and coordinate their actions. Remember these whales have $millions per year to pay a staff of expert market watchers and to buy sophisticated tools (this alone makes it so small investors simply have no chance). I would think a Whale would be incentivized to play the long game. Imagine you held, say, $100B in Vn666 and you wanted to bail out of it, or at least diversify. With that much of the supply, you would need to be very careful in order to maximize your yield. It would take months to get rid of even a few percent of Vn666 with seriously affecting the market. Indeed, if you were crazy and just wanted to crash the market to zero, you could just dump a few $billion on the market in the middle of the day and watch the fireworks . There would simply not be enough buyers to absorb the supply, and then the market would panic when the price level dropped, triggering even more sell-offs*. Instead, I would imagine a whale's task is a multi-year project, dumping enough to get rid of some of their holdings at a higher price, then buying some of it back to keep the long-term confidence in the product stable, then dumping some more, and so on. (* In another thread, we should all discuss the effects of the leverage markets like Hyper Liquid, and what this does to the markets, because I think that's very significant as well).

I agree the Whales probably aren't directly connected--although it's also possible that a single entity owns a huge percentage of the liquid market. But as I mentioned above, I think it would be fairly easy for the whales to communicate with each other (call it market sonar ), and coordinate their actions. Remember these whales have $millions per year to pay a staff of expert market watchers and to buy sophisticated tools (this alone makes it so small investors simply have no chance). I would think a Whale would be incentivized to play the long game. Imagine you held, say, $100B in Vn666 and you wanted to bail out of it, or at least diversify. With that much of the supply, you would need to be very careful in order to maximize your yield. It would take months to get rid of even a few percent of Vn666 with seriously affecting the market. Indeed, if you were crazy and just wanted to crash the market to zero, you could just dump a few $billion on the market in the middle of the day and watch the fireworks . There would simply not be enough buyers to absorb the supply, and then the market would panic when the price level dropped, triggering even more sell-offs*. Instead, I would imagine a whale's task is a multi-year project, dumping enough to get rid of some of their holdings at a higher price, then buying some of it back to keep the long-term confidence in the product stable, then dumping some more, and so on. (* In another thread, we should all discuss the effects of the leverage markets like Hyper Liquid, and what this does to the markets, because I think that's very significant as well).

I agree the Whales probably aren't directly connected--although it's also possible that a single entity owns a huge percentage of the liquid market. But as I mentioned above, I think it would be fairly easy for the whales to communicate with each other (call it market sonar ), and coordinate their actions. Remember these whales have $millions per year to pay a staff of expert market watchers and to buy sophisticated tools (this alone makes it so small investors simply have no chance). I would think a Whale would be incentivized to play the long game. Imagine you held, say, $100B in Vn666 and you wanted to bail out of it, or at least diversify. With that much of the supply, you would need to be very careful in order to maximize your yield. It would take months to get rid of even a few percent of Vn666 with seriously affecting the market. Indeed, if you were crazy and just wanted to crash the market to zero, you could just dump a few $billion on the market in the middle of the day and watch the fireworks . There would simply not be enough buyers to absorb the supply, and then the market would panic when the price level dropped, triggering even more sell-offs*. Instead, I would imagine a whale's task is a multi-year project, dumping enough to get rid of some of their holdings at a higher price, then buying some of it back to keep the long-term confidence in the product stable, then dumping some more, and so on. (* In another thread, we should all discuss the effects of the leverage markets like Hyper Liquid, and what this does to the markets, because I think that's very significant as well).