Let's talk a bit about "whales".
In the world of cryptocurrencies, the term "whale" refers to an individual or entity that holds a significant amount of a specific cryptocurrency. As a result, they have a major impact on the market, exerting pressure on prices and asset liquidity.
The main characteristic that defines them is their possession of enormous amounts of cryptocurrency in their wallet. Therefore, they can be considered "whales" when they hold enough cryptocurrency to significantly influence its market, either positively or negatively.
How does this affect others?
They have the power to buy large amounts to inflate the price and then sell abruptly, making a profit while leaving others with losses. Similarly, these actions can create false perceptions of supply and demand, prompting smaller investors to make hasty decisions to buy or sell.
In conclusion, whales play a crucial role in the cryptocurrency ecosystem, acting both as a stabilizing force and a source of volatility. Therefore, understanding their movements can be a valuable tool for navigating this world.
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