All answers
Coins and tokens
Is a coin haram if whales manipulate the price?
Answered by the ShariaQuant team
Manipulation is a sin committed by the manipulator, and it does not automatically make the asset prohibited for you. What it does change is the gharar assessment, because a token where a handful of wallets can move the price at will is a token where you cannot reasonably know what you are buying into. Supply concentration is part of our screen for exactly this reason.
Our screening methodThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.