From CryptoMarketsWiki
Revision as of 16:49, 9 September 2019 by MattRaebel (talk | contribs)
Jump to: navigation, search

"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]

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.[6]