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How do whales discover cryptocurrencies?

Thanks to the transparency, immutability and openness of blockchain technology, there are many ways to spot whales, but it is worth saying that this is not always an easy task. Whales often use creative methods to secretly move money in an attempt to hide their identity and the size of their holdings.

However, there are some indicators that can help identify potential cryptocurrency whales and their activity.

Analyzing trading patterns is a good starting point in identifying whale activity.

Whales are known for their ability to influence the market by making large trades that can cause sudden spikes or falls in prices.

You can identify potential whale activity by looking for unusual patterns.

You can also search for large transactions using blockchain explorers like Etherscan or Blockchain.com. When you see a large amount of cryptocurrencies being transferred, it may be an indication that a whale is active.

Another way to learn about whale activity is through social media, especially Twitter. Whales often share their opinions about cryptocurrencies.