They got the pawa
What is a crypto whale
A crypto whale is a large investor with the ability to influenc the cryptocurrency market through trading since they control a sizable fraction of the total quantity of cryptocurrencies. Crypto whales’ identity is unknown, but you can track the wallets themselves.
The cryptocurrency ecosystem can be compared to an ocean, with normal investors represented by small fish (wallet addresses with low to medium crypto value) and large investors represented by whales (wallet addresses with enormous crypto worth).
“Market price swings are primarily caused by cryptocurrency whales. It's a good idea to keep track of these transactions. ”
Difference from fish to whale
How do you define a crypto whale
There are a number of requirements for who to be considered a “crypto whale,” depending on the coin. Investors, organisations, and cryptocurrency wallet addresses holding more than 1000 Bitcoins are frequently referred to as whales. Crypto whales are often well-off people or businesses who own a significant quantity of cryptocurrency and move it from one address to another.
According to CoinMarketCap, the top 10 bitcoin owners, the top 50 bitcoin owners, and the top 100 bitcoin owners together own around 5.69%, 11.04%, and 13.92% of all the bitcoin in circulation as of November 2022, respectively. These addresses control a sizeable portion of the total supply of bitcoin in circulation and have an impact on the price and community of bitcoin.
Difference from fish to whale
What does whale tracking in crypto mean?
Keeping track of transactions made on a public blockchain is known as cryptocurrency tracking. Crypto tracking is primarily done on whale addresses but can be done on any cryptocurrency wallet. Because whale movements frequently have an impact on cryptocurrency trading prices, cryptocurrency traders and investors closely track whale trades.
How can I find out what crypto whales are buying ? Due to the public nature of the majority of cryptocurrency blockchains, balances and transactions are transparent, and the accounts holding the highest amounts of cryptocurrency are accessible to the general public. To keep track of when big holders execute transactions, APIs have been created. These APIs are connected to Twitter accounts and other online applications; when these whales transact on Twitter, a bot is established and a tweet is automatically sent.
How to track a whale ?
You can receive a notification whenever transactions using a custom cryptocurrency address are made and you can follow those addresses as well. Twitter also has bots that automatically tweet about cryptocurrency transactions. Market price swings are primarily caused by cryptocurrency whales. It’s a good idea to keep track of these transactions. Observing cryptocurrency whale transactions allows one to understand their mindset. This can be used to understand their cash flow, which is useful when trading cryptocurrencies.