In the crypto universe, the term "whale" is used to refer to an investor who owns large amounts of a particular cryptocurrency. Whales have the power to influence the price of cryptocurrency as they can buy or sell large amounts of currency at once. This can cause huge fluctuations in the currency price.
Whales are usually institutional investors or very wealthy individuals. They can buy large amounts of cryptocurrencies when the price is low and sell them when the price is high, making a lot of money from the price difference. Whales can also use their large amounts of currency to manipulate the market, causing the price to go up or down to their benefit.
Whales are one of the main risks in the crypto market. They can cause large fluctuations in the currency price, which can make it difficult to predict the future price of the currency. Whales can also use their influence to manipulate the market, which can hurt smaller investors.
However, whales can also be a positive force for the crypto market. They can invest large amounts of money in the market, which can help drive market growth. Whales can also help increase market liquidity, which makes it easier for investors to buy and sell cryptocurrencies.
Overall, whales are an important part of the crypto market. They have the power to influence the coin price, but they can also help drive market growth.