Roles Of Whales In The Cryptocurrency World
It is no longer news that the cryptocurrency market is not stable, unlike the centralized exchange system, It is very unstable and volatile.
There are many factors responsible for this volatility. Among them are the big boys in the system popularly known as Whales.
The whales are capable of procuring or selling a very large quantity or volume of cryptocurrency thereby affecting the market generally.
Defining Cryptocurrency Whales
A whale is an investor who deals with a very large amount of money. Invariably, cryptocurrency whales are
investors that have a very significant large amount of crypto assets.
Also, those that hold a large number of cryptocurrencies by mining, early investors, etc when they
sell a large portion or buy a large portion, it tends to influence the crypto ma...