*The Term: Crypto whales*
Crypto whales are individuals or entities that hold significant amounts of cryptocurrency, giving them substantial influence over market trends and prices. These whales can be :
- *Individual Whales*: High-net-worth investors, such as Michael Saylor, Elon Musk, and the Winklevoss twins, who have accumulated large amounts of cryptocurrency.
- *Institutional Whales*: Organizations like exchanges, DeFi protocols, or crypto trading firms that hold massive amounts of cryptocurrency.
Some notable crypto whales include:
1.*Satoshi Nakamoto*: The anonymous founder of Bitcoin, estimated to own around 1 million BTC, making them one of the largest Bitcoin whales.
2.*The US Government*: Estimated to hold over 198,000 BTC confiscated from criminals.
- *El Salvador*: The country holds over 6,000 BTC, making it a notable Bitcoin whale.
#Crypto whales,
#Meaning of whale