What Is Paper Hands?

Paper hands refers to selling assets quickly at the first sign of price decline or adverse news. In whale tracking, paper hands behavior among large holders signals potential cascading sell-offs — when whales with paper hands tendencies start selling, it often triggers further declines. Sonar Tracker whale scoring helps differentiate between strong-conviction whale wallets and those with a history of panic selling, allowing traders to weight whale signals based on the historical behavior patterns of individual large wallets.