“Whales are a diverse group of marine mammals .” — “Kudos”
Yea, Then what are Crypto Whales?
Cryptocurrency is a profitable investment opportunity, It makes you rich in 1 shot? The answer is more complex. This is a volatile market in the huge crypto market many investors play a huge role to manipulate the market valuation.
In the ocean world, “Whales” are the largest creature. In the modern cryptocurrency world, we have an amazing thing called “CRYPTO WHALES”. These crypto whales hold a significant amount of cryptocurrency in the Digi market. In the market the cryptocurrency holds and it creates some major moves.
Explanation of Crypto Whales:
Cryptocurrency is based on blockchain technology and it has a decentralized network. Here we designed to maintain the anonymity of users and this public ledger has some unique features where it is transparent. Here the timestamp is created to track the crypto transaction. The maintenance of anonymity holds the user’s cryptocurrency without revealing their identity. Through discrete manipulation, the crypto whales take advantage of the yield of profits.
Here a crypto whale is an organization and it holds some substantial amount of cryptocurrency and it is manipulated in the market and the price becomes volatile.
The main benefit of crypto whales keeps their holding in a single wallet address. In a single wallet, the bitcoin whale keeps 500 BTC. Crypto whales make small transactions and it does not make one large transaction because it avoids attention.
Is This Important?
The price of the cryptocurrency has various factors, one of the main factors is “Supply and Demand”. Some of the coins increase the demand and also increase the particular price of cryptocurrency and vice versa in the low demand. It reduces some supply and drives the cryptocurrency. A large portion of the coin is supplied in circulation and also it affects some prices of the coin in the left circulation. When the large portion of the coin is in liquidity the values of the coins drop. Here the crypto whales use various interesting strategies to execute their plan, (ie) Rinse with Repetition, OTC Trading, Pump and Dump, Wash Trading, Spoofing, Layering, and so on.
Movement of Crypto Whales:
- When the crypto whale’s bid size is large and it significantly increases.
- Suddenly cancel the big order.
- In the crypto price, it suddenly surged or declined.
- The trading volume of cryptocurrency is spiked.
- There is a high flow in the selling or buying percentage.
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