Whales are not as smart or coordinated as you think

During every rally, there is inevitably someone who says it’s a fake rally and it’s a coordinated attempt by whales to exit on one last pump

Do you think whales coordinate over group chat? Zoom? Telegram? Why does everyone think whales are so sophisticated and conspiratorial?

3AC were the biggest whales and went bankrupt. So did Voyager and Celsius. It’s just the market. This is a trillion dollar market. Maybe when it was $100bn or $1bn I would buy that these rallies and dumps are coordinated by some select group.

But it’s just the market being the market. If whales had some super top secret insight and ability to coordinate rallies and dumps, 3AC, Voyager, and Celsius wouldn’t be bankrupt