ETHFI's notable increase in value can partly be attributed to significant purchases by influential investors, often referred to as 'whales' 🐳 These investors often employ strategies known to called the 'Wyoming curve', initially invest a significant amount, then gradually buy more cryptocurrency in smaller amounts to maintain price stability. After the price stabilizes, they will gradually increase their holdings, slowly pushing the price trajectory upward 📈
They then strategically divested a small portion of their holdings to prevent a rapid price decline before potentially generating significant revenue, including shorting the ETHFI price. This approach allows them to generate significant profits without resorting to questionable tactics such as pump and dump schemes 📊 Hopefully this phenomenon will not negatively impact the holders who participated at a favorable price, confident in the project's potential and the intrinsic value of the token. Let's see where this trend takes us.