Whale
| A whale is a person who owns a large amount of cryptocurrency and can influence the market prices by buying or selling them. Whales are often early investors in a new cryptocurrency and can buy up a large amount of the currency when it is first released. This can help to increase the price of the currency and make it more attractive to other investors. However, if a whale decides to sell their currency, it can cause the price to drop sharply. Whales can also influence the market by spreading positive or negative information about a currency. If they believe that a currency is a good investment, they may encourage others to buy it. However, if they think that a currency is overvalued, they may sell it and cause the price to drop. Some people believe that whales manipulate the market for their own benefit. However, it is also possible that they are simply trying to make a profit like any other investor. Whether you love them or hate them, whales can have a big impact on the cryptocurrency market. |
Share this glosssary
