The "VIRTUALWhale" is a term describing entities, often groups or individuals, holding vast amounts of cryptocurrency. Their market influence is immense; a single large trade can trigger significant price swings. Unlike traditional whales, their activity can be more opaque, utilizing decentralized exchanges and privacy coins.
These whales can manipulate markets through coordinated buy/sell orders, creating "pump and dumps" or "bear traps." Tracking their wallets and on-chain activity is a strategy some traders employ, but it's a difficult task. The rise of DeFi and NFTs has further complicated the landscape, providing new avenues for whale manipulation. Understanding their potential impact is crucial for navigating the volatile crypto market.