An entity that holds significantly large amounts of a cryptocurrency or digital asset.
A whale, as the name suggests, is a significantly large holder of a cryptocurrency or digital asset. There is no strict definition or dollar-amount set for one to qualify as a whale, and the number for different cryptocurrencies.
Typically market participants are interested in whale wallets in order to follow their moves and money flows. Since whales are believed to be from the smart money category, traders believe they may have information others are missing.
