In the world of crypto, a whale refers to any user who holds an extremely large number of a particular cryptocurrency. Owning a large percentage of a token’s market share gives such whales significant power over their associated price action.
For instance, when a whale decides to buy or sell the crypto they hold, the move could dictate the price trend for that asset. Increased crypto buying by a whale or prominent investor could increase the digital asset's price, while an uptick in selling activity could trigger a downtrend.
Crypto whales' wallet addresses are closely monitored and analyzed to find trends in how a cryptocurrency’s value would move. Monitoring whale activity is a valuable indicator that could predict price trends and come in handy for crypto traders looking for the next trade idea.
