Crypto Whales

Whales

People who own absurdly huge amounts of cryptocurrency or a wealthy trader. Whales are often the market movers for small altcoins too — thanks to their huge capital. With their volumes (typically thousands of BTC), they have a disproportionately large influence on the prices of their cryptocurrencies.Other similar terms have sprung around this term — such as Dolphin (a holder of 100–500 BTC), a Shark (500–1000 BTC), and even smaller ones like Crabs (1–50 BTC) or Shrimps (<1 BTC). Of course, all these estimations are approximations and dynamic as the value of BTC continues to rise.