Whale

A "whale" in the cryptocurrency world refers to an individual or entity that holds a large amount of a particular cryptocurrency. Whales have significant influence over the market due to the sheer size of their holdings, and their actions—such as buying or selling large quantities of tokens—can impact price movements. For example, a whale selling a large portion of their Bitcoin holdings could trigger a price drop, while a whale buying a large amount of Ethereum might push the price up. Whales are often closely watched by smaller traders who try to anticipate and react to their movements. Whale activity is typically tracked through blockchain explorers and on-chain analytics, as the transparency of blockchain networks allows observers to monitor large transactions. While whales have considerable power to influence markets, their actions can create both opportunities and risks for other market participants.