Have you ever bought a cryptocurrency and, minutes later, the price plummeted for no apparent reason? You might have fallen victim to a Whale's movement.
But who are they, after all?
In the crypto world, a "Whale" is the nickname for investors (individuals or institutions) who hold massive amounts of a coin. We're talking wallets with millions or even billions of dollars.
What nobody tells you:
1️⃣ They don't "buy" like you do: A whale isn't just going to hit the "buy" tab and drop 100 million. They use fractional orders or over-the-counter (OTC) markets to avoid spiking the price too soon.