Can PNUT/USDT be affected by whale movements?

Can PNUT/USDT be affected by whale movements?

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Yes, whale movements (large-scale trades by high-net-worth individuals or institutions) can significantly impact PNUT/USDT prices. If a whale buys large amounts of PNUT, it can create a price surge, attracting more buyers. Conversely, if a whale sells a large amount, it may trigger panic selling and price drops. Traders should monitor order book activity and whale tracking tools to anticipate potential market shifts on PNUT USDT and adjust their strategies accordingly.