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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.[1][2][3]