Difference between revisions of "Whales"

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"Whale" is the colloquial term for one who hold (or [[hodl]]) large amounts of [[digital assets]]. A whale tends not to trade often, but when they do, the transactions they make tend to be large-volume, having statistically significant influences on the volatility of the digital asset that they either traded or moved from a [[wallet]] to an [[exchange]]. For a time, "whale" referred mostly to people who hold large amounts of [[bitcoin]]; however, in 2019, a study published by the [[blockchain]] research firm [[Chainalysis]] revealed that one-third of the total supply of [[Ether]], the native [[cryptocurrency]] of the [[Ethereum]] [[platform]], were held by just 376 people worldwide.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market|name=The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market|org=Bloomberg|date=May 16, 2019}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2019-05-15/just-376-people-found-to-own-a-third-of-all-ether-cryptocurrency?srnd=premium-europe|name=Just 376 People Found to Own a Third of All Ether Cryptocurrency|org=Bloomberg|date=May 16, 2019}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/billybambrough/2019/05/13/is-this-behind-the-latest-25-billion-bitcoin-and-crypto-price-rally/#46db87a61799|name=Is This Behind The Latest $25 Billion Bitcoin And Crypto Price Rally?|org=Forbes|date=May 16, 2019}}</ref>
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"Whale" is the colloquial term for one who hold (or [[hodl]]) large amounts of [[digital assets]]. A whale tends not to trade often, but when they do, the transactions they make tend to be large-volume, having statistically significant influences on the volatility of the digital asset that they either traded or moved from a [[wallet]] to an [[exchange]]. For a time, "whale" referred mostly to people who hold large amounts of [[bitcoin]]; however, in 2019, a study published by the [[blockchain]] research firm [[Chainalysis]] revealed that one-third of the total supply of [[Ether]], the native [[cryptocurrency]] of the [[Ethereum]] [[platform]], was held by just 376 people worldwide.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market|name=The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market|org=Bloomberg|date=May 16, 2019}}</ref><ref>{{cite web|url=https://www.bloomberg.com/news/articles/2019-05-15/just-376-people-found-to-own-a-third-of-all-ether-cryptocurrency?srnd=premium-europe|name=Just 376 People Found to Own a Third of All Ether Cryptocurrency|org=Bloomberg|date=May 16, 2019}}</ref><ref>{{cite web|url=https://www.forbes.com/sites/billybambrough/2019/05/13/is-this-behind-the-latest-25-billion-bitcoin-and-crypto-price-rally/#46db87a61799|name=Is This Behind The Latest $25 Billion Bitcoin And Crypto Price Rally?|org=Forbes|date=May 16, 2019}}</ref>
  
 
==References==
 
==References==

Revision as of 07:51, 9 September 2019

"Whale" is the colloquial term for one who hold (or hodl) large amounts of digital assets. A whale tends not to trade often, but when they do, the transactions they make tend to be large-volume, having statistically significant influences on the volatility of the digital asset that they either traded or moved from a wallet to an exchange. For a time, "whale" referred mostly to people who hold large amounts of bitcoin; however, in 2019, a study published by the blockchain research firm Chainalysis revealed that one-third of the total supply of Ether, the native cryptocurrency of the Ethereum platform, was held by just 376 people worldwide.[1][2][3]

References