What Is a Crypto Whale?
In the vast ocean of cryptocurrency, there exist a special group of investors known as "whales"
Crypto whales are individuals or entities who hold a significant amount of a particular cryptocurrency
Their massive holdings can influence the market, causing waves with their buy or sell orders
Identifying crypto whales can be challenging as they often try to remain anonymous
Crypto whales possess substantial financial power. Their actions can trigger significant price fluctuations, create buying or selling frenzies, and impact overall market sentiment
Whales can be both a blessing and a curse for the crypto community. On one hand, they inject liquidity and stability, but on the other, their sudden actions can lead to market volatility
Crypto traders need to be cautious of whale-driven price swings.