Who are Crypto Whales? How can they impact the market?
cryptocurrencies, a prominent force stands out—the crypto whales. Just as the blue whales rule the oceans, the cryptocurrency market is influenced by these mighty players, called crypto whales.
Who are the crypto whales?
Crypto whales are individuals or entities that hold huge amounts of a specific cryptocurrency, much like their counterparts in traditional markets. This gives them the capability to influence the market. Crypto whales steer market trends and trading patterns, with their actions having far-reaching consequences beyond their holdings.
The mystery of crypto whales
Generally, crypto whales often operate anonymously. Nevertheless, blockchain's inherent transparency unveils the addresses behind these influential figures, which leads to the causes and predictions about their movements.
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View Details»The whales are the silent celebrities of the crypto world, and they are not without their own paparazzi, called “whale-watchers,” who look for information relating to the movement of the whales from on-chain data before sharing this information with the industry at large.
How do they impact the market dynamics?
A single action by the whales, whether a purchase, sale, or strategic hold, can set in motion a sequence of reactions throughout the market. These actions can dictate market trends and chart the course of various cryptocurrencies.
The bull run driven by whales
Crypto whales are pivotal in driving bull-runs in
