{"id":148624,"date":"2025-02-04T19:30:27","date_gmt":"2025-02-04T17:30:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148624"},"modified":"2025-02-04T14:42:37","modified_gmt":"2025-02-04T12:42:37","slug":"ethereum-price-plunge-sparks-debate-over-whale-manipulation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-price-plunge-sparks-debate-over-whale-manipulation\/","title":{"rendered":"Ethereum Price Plunge Sparks Debate Over Whale Manipulation"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">price of ETH<\/a><\/strong> plunged from nearly $2,900 to a low of $2,120, only to swiftly recover by the end of the day. This sharp drop raised questions about market manipulation, with many speculating that large investors, known as \u201cwhales,\u201d played a role in orchestrating the decline.<\/p>\n<p>While external factors like the US trade war and tariffs seemed to have added to the market volatility, the recovery came quickly as global markets, including cryptocurrencies, bounced back. Despite the initial panic, Ethereum closed the day with a remarkable 26% rebound.<\/p>\n<p>In response to the chaos, Ethereum co-founder Joseph Lubin <strong><a href=\"https:\/\/x.com\/ethereumJoseph\/status\/1886471576540811619\" rel=\"nofollow\">explained<\/a><\/strong> that such price swings were common in crypto markets.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-148580\" href=\"https:\/\/cryptodnes.bg\/en\/altcoin-surge-is-imminent-as-bitcoin-dominance-hits-its-peak-analyst-suggests\/\" title=\"Altcoin Surge Is Imminent as Bitcoin Dominance Hits Its Peak, Analyst Suggests\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/04\/altcoins_coincodex-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Altcoin Surge Is Imminent as Bitcoin Dominance Hits Its Peak, Analyst Suggests<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>He suggested that large investors were capitalizing on economic uncertainty, using it as an opportunity to pressure weaker traders into selling their positions, only to later buy back when prices settled.<\/p>\n<p>Other crypto figures, including Hsaka, emphasized that the decline was likely not driven by organic market sentiment but rather by whales manipulating the price with calculated sell orders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On February 4, Ethereum&#8217;s price experienced extreme fluctuations, triggering intense discussions within the crypto community.<\/p>\n","protected":false},"author":9,"featured_media":36541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,271,108,248],"coin_category":[],"class_list":["post-148624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-ethereum","tag-price","tag-whales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Price Plunge Sparks Debate Over Whale Manipulation<\/title>\n<meta name=\"description\" content=\"On February 4, Ethereum&#039;s price experienced extreme fluctuations, triggering intense discussions within the crypto community.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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