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Whale

Beginner

In crypto, a whale is someone who holds a large amount of a particular cryptocurrency. Whales can be early investors, institutions, or owners of large wallets, and their trades can significantly impact the market due to the size of their holdings; large trades cause price fluctuations. When whales buy or sell, it can cause price swings or influence public sentiment. Traders often monitor whale movements as indicators, a common practice, but their actions can also introduce volatility and concerns related to market manipulation.

Related Words

Wrapped Token

Intermediate

A wrapped token is a version of a cryptocurrency created to work on a different blockchain. For example, Wrapped Bitcoin (WBTC) allows BTC to be used on Ethereum, providing access to DeFi apps and services.

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Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
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