Difference between revisions of "Whales"

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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>  
 
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>
  
 
== Notable whale movements ==
 
== Notable whale movements ==

Revision as of 11:00, 13 December 2019

"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