How Bitcoin whales make a splash in markets and move prices
Are the Whales selling in this bear market? A deep dive into the on-chain data of whales. Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency. In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them out there. As Bitcoin addresses are pseudonymous, it is ofte difficult to ascertain who owns any wallet. While many associates the term “whale” with some lucky early adopters of....
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Ethereum whales have always been big on meme coins. Coins like Shiba Inu and Dogecoin have gotten massive love from these whales who hold a good chunk of the ETH supply. Even through the downtrends, these whales have continued to show love for these meme coins and they have not deviated from it. In the […]
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Despite a recent surge in activity from large investors, often referred to as “whales,” the price of Toncoin (TON) appears headed for choppier waters. This comes as analysts raise concerns about the cryptocurrency’s weakening technical indicators and its potential breach of a key support level. Related Reading: Crypto Alert: VeChain Bull Run Imminent, Expert Predicts 500% Rally Whales Make A Splash, But Can They Save The Day? In a recent report, Joao Wedson, a crypto analyst at CryptoQuant, observed a significant spike in whale activity on the Toncoin network.....
The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto to make a splash in traditional financial markets via CME futures listing and the Grayscale Bitcoin Trust, but other coins are quickly following suit as investors increasingly appreciate the utility of blockchain-based tokens. The fanfare that has accompanied the rise of polkadot (DOT) has not been....
Shiba Inu and PEPE whales have begun to make their move in a market currently rocked with uncertainty. This time around, these prominent investors are sending large amounts of tokens to centralized exchanges like Binance, suggesting that they could be looking at dumping the meme coins. Such a move would put undue pressure on both […]