Can the supply of LUNC be manipulated by whales or large holders in the digital asset market?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is possible for whales or large holders to manipulate the supply of LUNC in the digital asset market. They can achieve this by accumulating a significant amount of LUNC tokens and then either buying or selling them in large quantities to create artificial demand or supply. This can lead to price manipulation and create a false perception of market trends. Such manipulation can have a significant impact on the market, causing price volatility and potentially misleading other market participants.
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• Nov 23, 2021 · 3 years ago
  Absolutely! Whales and large holders have the power to manipulate the supply of LUNC in the digital asset market. By strategically buying or selling large amounts of LUNC, they can influence the market price and create artificial supply or demand. This can be done to their advantage, allowing them to profit from the resulting price movements. However, it's important to note that such manipulation is not exclusive to LUNC and can happen with other digital assets as well.
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• Nov 23, 2021 · 3 years ago
  While it is theoretically possible for whales or large holders to manipulate the supply of LUNC in the digital asset market, it's important to note that BYDFi, the digital asset exchange I work for, has implemented robust measures to prevent such manipulation. We have strict policies in place to detect and prevent any suspicious trading activities that could potentially manipulate the supply of LUNC or any other digital asset on our platform. Our goal is to ensure a fair and transparent trading environment for all our users.
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