The cryptocurrency market has been experiencing significant volatility lately.$SOL On December 26, 2024, the price of Bitcoin dropped below $96,000, recording a 2.19% decline in 24 hours.
In recent news, Russian companies have started using Bitcoin and other cryptocurrencies for international payments, following legislative amendments that allowed this to be done to counter Western sanctions.
As for cryptocurrency whales, this term is given to individuals or institutions that own large amounts of a particular cryptocurrency, such as Bitcoin or Ethereum. These whales are considered major influencers in the market, as their large movements can lead to price fluctuations.
Some of the most prominent Bitcoin whales include:
Satoshi Nakamoto: The mysterious founder of Bitcoin, who is believed to own around 1 million Bitcoins.
Changpeng Zhao: The CEO of Binance, one of the largest cryptocurrency exchanges.
Michael Saylor: CEO of MicroStrategy, which has invested heavily in Bitcoin.
It is worth noting that the movements of these whales can have a significant impact on the cryptocurrency market, making it important for investors to follow their activities.