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]], 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>
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"Whale" is the colloquial term for someone who holds (or [[hodls]]) 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>
  
 
Tracking whale behavior has sparked the creation of dedicated entities that monitor major blockchains and provide both public and private reports of large transactions. TokenAnalyst and WhaleAlert are two of the best known services. <ref>{{cite web|url=https://www.tokenanalyst.io/|name=Website|org=TokenAnalyst|date=September 9, 2019}}</ref><ref>{{cite web|url=https://whale-alert.io/|name=Website|org=WhaleAlert|date=September 9, 2019}}</ref>  
 
Tracking whale behavior has sparked the creation of dedicated entities that monitor major blockchains and provide both public and private reports of large transactions. TokenAnalyst and WhaleAlert are two of the best known services. <ref>{{cite web|url=https://www.tokenanalyst.io/|name=Website|org=TokenAnalyst|date=September 9, 2019}}</ref><ref>{{cite web|url=https://whale-alert.io/|name=Website|org=WhaleAlert|date=September 9, 2019}}</ref>  

Revision as of 10:40, 9 September 2019

"Whale" is the colloquial term for someone who holds (or hodls) 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]

Tracking whale behavior has sparked the creation of dedicated entities that monitor major blockchains and provide both public and private reports of large transactions. TokenAnalyst and WhaleAlert are two of the best known services. [4][5]

References