In the cryptocurrency world, "whales" are individuals or entities that hold a significant amount of a specific cryptocurrency. Their large holdings give them considerable influence over market movements and trends.

When these whales decide to buy or sell substantial quantities of cryptocurrency, it can lead to sharp price fluctuations. Their transactions can significantly impact market sentiment, prompting other traders and investors to react in response to these large-scale moves.

Because of the substantial assets they control, whales can create waves in the market, making their activities a focal point for market watchers. Recognizing the influence of these large holders is essential for anyone involved in cryptocurrency trading, as their actions can shape the market landscape.

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