Individuals or entities that hold large amounts of cryptocurrency and can have a significant impact on the market price.
The term “whales” refers to individuals or entities who possess a significant amount of a particular cryptocurrency. These whales hold large quantities of digital assets, which can influence market trends and prices due to their ability to buy or sell substantial amounts. As prominent players in the cryptocurrency ecosystem, whales’ actions can create waves in the market, leading to volatility. The presence of whales is often monitored closely by traders and analysts to gauge market sentiment and anticipate potential price movements.