Crypto whales: legends of the blockchain or just too 'rich fish'?
🚀 If you were a cryptocurrency fish, what would you do? Probably dream of becoming a whale. But not the one swimming in the ocean, but the one navigating the blockchain, moving markets and making small investors nervously bite their nails.
Who are crypto whales? They are investors who own such a large amount of crypto that they can influence its price, like a whale splashing in a small pond. They are usually found where there is little liquidity and a lot of greed. If you see the price of bitcoin suddenly soar or crash — congratulations, it was a whale deciding to take a swim.
How to recognize a whale?
Sudden market movements. If the charts suddenly spike up or drop sharply, it's likely not your neighbor Vasya deciding to buy 0.0001 bitcoins. It's a whale deciding to 'do some' buying or selling.
Mysterious transactions. If someone transfers 10,000 BTC but doesn’t buy themselves a new island — it’s clearly a whale. What does he need an island for? He already owns an entire ocean of bitcoins!
Unusual Twitter accounts. Whales love to post mysterious tweets like: 'The weather is great today. Time to dive.' Translation: 'Get ready, I’m about to crash the price.'
What do crypto whales do in their free time?
They play 'Shake the Market'. This is when they dump a bunch of tokens and then buy them back cheaper.
They watch 'Pirates of the Caribbean'. After all, there’s nothing better than watching others hunt for treasure chests while you own the digital equivalent of an entire fleet.
They run crypto profiles under pseudonyms. 'Mr. Shark Spade', 'Bitcoin Whale', and of course, 'Satoshi Beelzebub'.
Why haven't the whales flown to the moon yet?
Because they are already there! While we argue about which altcoin will take off, whales are buying, selling, and buying again, profiting from every movement. In the world of cryptocurrencies, they are the main players who laugh in their underwater bunker and toss bitcoins to the ceiling like Scrooge McDuck.
So if you think the crypto market is too volatile, just imagine a huge whale deciding to roll over and wave its tail. And do you still want to become a crypto whale?