Difference between revisions of "Whales"

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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>
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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>  
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{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
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| company_name = Whales
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| company_logo =  [[Image:Whale.jpeg{{!}}250px]]
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| key_people =    <!-- CEO, President, etc, don't need to list everybody -->
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| foundation =    <!-- Year founded -->
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| location =      <!-- Headquarters city, state, country -->
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| employees =      <!-- Approx number of employees -->
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| products =      <!-- Quick list of types of things company does or produces -->
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| twitter =        <!-- Twitter ID for the company, e.g. JohnLothian, or leave blank -->
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| linkedin =      <!-- LinkedIn ID for the company -->
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| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
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| facebook =      <!-- Facebook Page -->
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| homepage =      <!-- No web site?  Just leave this line blank -->
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| press =          <!-- A link to where press releases can be found, or leave blank to omit -->
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| blog  =          <!-- Blog site, or leave blank -->
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}}
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"Whale" is the colloquial term for someone who holds (or [[hodl]]s) large amounts of [[digital assets]]. Whales tend not to trade often, but when they do, the transactions they make tend to be large-volume and have 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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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>
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In December 2019, Coin Metrics, a cryptocurrency data analysis firm, reported that holdings by bitcoin whales, which it defined as holders of more than 1,000 bitcoins, had increased to 42.1% of all supply, up from 37.9% two years earlier.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2019-12-12/bitcoin-whales-consolidation-may-mean-more-turbulence-ahead?srnd=premium-europe|name=Bitcoin Whales Consolidation May Mean More Turbulence Ahead|org=Bloomber|Date=December 13, 2019}}</ref>
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== Notable whale movements ==
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On September 5, 2019, a massive transaction moved 94,505 bitcoin into an unknown user's [[wallet]]. Analysts said that many previous transactions came from users on [[Huobi]]'s [[exchange]].<ref>{{cite web|url=https://www.coindesk.com/massive-1-billion-bitcoin-whale-transaction-makes-waves|name=Massive $1 Billion Bitcoin Whale Transaction Makes Waves|org=Coindesk|date=September 9, 2019}}</ref>  
  
 
==References==
 
==References==

Latest revision as of 13:39, 13 December 2019

Whales
Whale.jpeg

"Whale" is the colloquial term for someone who holds (or hodls) large amounts of digital assets. Whales tend not to trade often, but when they do, the transactions they make tend to be large-volume and have 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]

In December 2019, Coin Metrics, a cryptocurrency data analysis firm, reported that holdings by bitcoin whales, which it defined as holders of more than 1,000 bitcoins, had increased to 42.1% of all supply, up from 37.9% two years earlier.[6]

Notable whale movements

On September 5, 2019, a massive transaction moved 94,505 bitcoin into an unknown user's wallet. Analysts said that many previous transactions came from users on Huobi's exchange.[7]

References