In the cryptocurrency world, a “whale” refers to an individual or entity that holds a significant amount of a particular cryptocurrency. These whales typically possess large quantities of digital assets, often representing a considerable portion of the total circulating supply.
Due to their substantial holdings, whales have the potential to influence market prices through their buying or selling activities. Their actions can trigger significant price movements, causing volatility in the cryptocurrency markets.
While whales may have considerable financial power, their activities can also impact market sentiment and investor behavior, making them a key focus for analysis and speculation within the crypto community.
Bitcoin, often referred to as "digital gold," is the first decentralized cryptocurrency created by a person or group of people known as Satoshi Nakamoto. Operating on a peer-to-peer network without the need for intermediaries, Bitcoin enables secure and transparent transactions that are recorded on a public ledger known as the blockchain.