Whale in Cryptocurrency
A whale is someone who owns a lot of cryptocurrency.Saddington says. “According to statistics and the addresses that you can find online — because bitcoin isn’t truly anonymous; you can actually find the whales — these are the people who own a ton of bitcoin. We’re talking about like hundreds of thousands of bitcoin or more.”
If a whale sells a lot of their stake, it can cause the price of a cryptocurrency to dip by flooding supply