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What Are Crypto Whales And How To Track Them?
A crypto whale is an individual or an entity that has sufficiently large amounts of cryptocurrency to be able to cause a significant market fluctuation.
The term “whale” is used to denote their significant influence on the market, similar to how whales, as the largest creatures in the ocean, can create massive waves with their movements.
A “whale” or a “crypto whale” is a generic term for large cryptocurrency holders. It does not narrow down on any specific cryptocurrency.
If an individual or entity has a lot of a particular cryptocurrency, they are termed as a whale of that specific asset.
For example, Vitalik Buterin, the creator of Ethereum, holds a substantial amount of Ether (ETH). Therefore, he’d be an “ETH whale” (or “Ether whale” or “Ethereum whale”).
A whale need not always be a human being. It can even be a company or an organization. For instance, the publicly traded company, MicroStrategy, holds over 200,000 BTC,
$BTC $BTC making it a “Bitcoin whal