Thinking from the perspective of the whales: After the coin price skyrockets, most people who missed out are waiting for a dip to jump in. If you were the whale, would you give them the chance to buy in at a lower price? Of course not—you’d keep pushing the price higher, making those who missed out even more anxious. (missed out + FOMO) When does distribution happen? After several consecutive surges, when no one can resist the temptation and everyone finally rushes in to buy (everyone around is already onboard). That’s when distributing the chips becomes the smoothest. (aka overloaded front of the bus)