Crypto Whale Meaning
What Is Crypto Whale?
A crypto whale is a term used in the cryptocurrency community to describe an individual or organization that holds a significant amount of a particular digital asset. The exact threshold for the definition is not precise, but a Bitcoin whale is said to hold at least 1,000 BTC.
A whale can be an individual, corporation, or other organizations, and often have the power to influence the market or market value of a token due to their substantial investment in a particular asset. Due to their significant holdings of a cryptocurrency’s token supply, they may possess the ability to influence the market sentiment and alter the direction of the market.
In addition to having their hold on the market, crypto whale also has a significant control over the blockchains the blockchains working on Proof of Stake (PoS) mechanism. They wield considerable influence over on-chain governance processes of such blockchains. This is because the amount of funds at stake grants them a significant amount of voting power.
Crypto whales are always under scrutiny from the community and investors because of their ability to impact price movements in a significant way. Due to their vast holdings, the community often monitors their activity to gauge their sentiment towards a particular cryptocurrency.
