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What impact did the colossal ethereum whale have on the genesis ICO?

avatarFrancis PallesenDec 17, 2021 · 3 years ago1 answers

Can you explain the influence that the massive ethereum whale had on the genesis ICO? How did it affect the initial coin offering?

What impact did the colossal ethereum whale have on the genesis ICO?
Ethereum
ICO
Cryptocurrency

1 answers

  • avatarDec 17, 2021 · 3 years ago
    The colossal ethereum whale played a crucial role in the genesis ICO. Its massive holdings of ethereum gave it the ability to move the market and influence the outcome of the ICO. This whale could strategically buy or sell ethereum to create a favorable market environment for the ICO. For example, it could buy a significant amount of ethereum to drive up the price and create a sense of hype around the ICO. Conversely, it could sell ethereum to lower the price and create a buying opportunity for other investors. The actions of this whale had a direct impact on the success and overall sentiment of the genesis ICO.

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