Overview
Whales are the 'big players' in the crypto market. Because they hold such large positions, their buying or selling activity can cause massive price movements, sometimes referred to as 'splashes.'
Impact
- Market Manipulation: Whales can intentionally move prices to trigger liquidations or shake out smaller investors.
- Whale Watching: Many traders use tools to track whale wallets and anticipate market moves.
- Governance: In DAO systems, whales often have the most voting power.