#VIRTUALWhale Whales in the cryptocurrency market are individuals, entities or whatever that hold a significantly large amount of a given token. They represent one of the biggest paradoxes in the crypto market: in a market that was born seeking decentralization, today most assets are manipulated at the whim of a small number of individuals.
With the infamous "institutional entry" things only tend to get worse for the sardines, us small investors. Whales take the market where they want. Perhaps there is even a lot of manipulation by whales to avoid altseason so that countries and institutions can buy at an attractive price.
Look at how many American states are talking about creating cryptocurrency reserves. Now imagine if the price goes up 10x before they can buy, it wouldn't be at all interesting for them.
Never swim towards the whales' mouths, see what they are doing and don't get in their way