Who are Crypto Whales
Crypto whales are individuals or entities that hold a significant amount of cryptocurrency, often enough to influence the market. Their actions, such as buying or selling large amounts of cryptocurrency, can cause significant price fluctuations. While there is no precise definition of what constitutes a whale, it is generally agreed that ownership of a large amount of a cryptocurrency's circulating supply qualifies one as a whale.
The identities of many crypto whales are unknown, as they often use pseudonyms or anonymous addresses. However, some notable figures in the crypto world are believed to be whales, including:
Changpeng Zhao (CZ), the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume.
Brian Armstrong, the CEO of Coinbase, the largest US-based cryptocurrency exchange.
Barry Silbert, the founder and CEO of Digital Currency Group (DCG), a venture capital firm focused on the cryptocurrency industry.
These individuals and entities, along with many others, hold significant amounts of cryptocurrency and have the potential to influence the market. Their activities are closely watched by traders and investors, as they can provide insights into potential market trends.