🟢What Makes a Cryptocurrency Holder a “Whale”?

➡️ While whales are individuals or entities who hold a large amount of cryptocurrency, there is no fixed amount of crypto assets someone must hold to be considered a whale. The term is relative and depends on the specific cryptocurrency in question.

A crypto holder can be considered a whale if they hold a significant percentage of the total supply of a particular cryptocurrency and are able to impact price movements by making trades. 

➡️ To put this in perspective, someone who holds $1 million worth of an asset with a market capitalization of $100 million is a whale, while someone who holds $1 million worth of an asset with a market capitalization of $30 billion may not be considered a whale. While they each have $1 million in crypto assets, the former has more power to move markets than the latter.

@Looz_crypto ✅️

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