In 2024, the following “big whales” (i.e., those with the largest cryptocurrency holdings) will dominate the crypto market:
1. Large mining companies like Riot Blockchain and Marathon Digital, which have tens of thousands of Bitcoins.
2. Crypto exchanges, such as platforms like Coinbase and Binance, which control huge reserves of various currencies.
3. Investment funds, such as large funds like Grayscale and Galaxy Digital, have accumulated impressive crypto portfolios.
4. Institutional investors, such as Fortune 500 companies, banks, and hedge funds, are actively buying cryptocurrencies.
5. Anonymous crypto billionaires, those early investors in Bitcoin and Ethereum, who have remained anonymous.
6. Project founders, those founders of leading blockchain startups, who have large reserves of native tokens.
7. Decentralized exchanges, such as DEXs like Uniswap and PancakeSwap, control billions of dollars in liquidity pools.
The behavior of these whales could have a very serious impact on the price of cryptocurrencies and the industry as a whole.
How much do you think these whales can decide in this market? Leave a comment, subscribe, and all the best!
