{"id":71521,"date":"2023-03-01T22:19:32","date_gmt":"2023-03-01T16:49:32","guid":{"rendered":"https:\/\/www.oracleglobe.com\/?p=71521"},"modified":"2023-03-01T22:19:32","modified_gmt":"2023-03-01T16:49:32","slug":"what-is-a-whale-in-bitcoin","status":"publish","type":"post","link":"https:\/\/www.oracleglobe.com\/what-is-a-whale-in-bitcoin\/","title":{"rendered":"What is a whale in Bitcoin?"},"content":{"rendered":"
The crypto market is very diverse \u2014 you can join it no matter how much you can afford to invest in digital coins. As with any other market, there are some big players, whose impact on the industry is really considerable, as they can affect entire blockchains under certain circumstances. Such players are called crypto whales. Let\u2019s find out a bit more about this concept and its significance in the industry.<\/span><\/p>\n The term crypto whale is related not only to individual investors but to enterprises as well. To be called a whale, one needs to own a big number of digital coins. As a rule, this quantity should be big enough to affect the price of selling and buying coins. Although crypto projects try to avoid such tendencies by introducing decentralization measures, the influence of participants owning enormous quantities remains important.<\/span><\/p>\n Plus, crypto whales usually avoid traditional crypto trading, common among average market participants. They prefer so-called over-the-counter crypto trading. This is a special approach used to trade beyond the marketplaces of regular exchanges. This way, such engage in private deals of virtual coins.<\/span><\/p>\n The influence of the whales is especially significant in proof-of-stake networks such as Ethereum, Cardano, Solana, Polygon, and many others. This is driven by the technical peculiarity of such protocols that provides holders with bigger amounts of staked funds with the possibility to gain more voting rights.<\/span><\/p>\n On the one hand, the existence of big holders can facilitate the growth of the network and improve its performance over some time. However, on the other hand, such participants may have enough power to dump the orders and take control of supply and demand. As a result, the con\u2019s price can start moving down, which can lead to chaotic decisions taken by holders of smaller quantities of coins. Such actions might be manipulative, as they help whales to accumulate more coins at a now lower price. The fact that the crypto market is decentralized and anonymous can make everything even more volatile.<\/span><\/p>\nIntroduction<\/b><\/h2>\n
Do they bring any disadvantages?<\/b><\/h2>\n
Biggest BTC whales<\/b><\/h2>\n