Bryan
Bryan

Whale

Definition of the term whale

A whale in crypto is an individual or institutional company who has enough money and power to directly influence the price of a cryptocurrency or stock.

Whale used in a sentence

‘’Did you just see this big red candle? Probably a whale who just sold all his tokens!’’

‘’We need more whales in this project, I need the price to go up!’’

‘’Whales can disturb the cryptocurrency market quite easily if they buy/sell at market prices!’’

History of whale

When a whale enters a position, the price tends to follow a similar pattern. Demand for the stock will rise rapidly as positions are being bought. The price will skyrocket and other investors will notice, jumping on board. After a few minutes or hours, the amount of new investors will slow down creating a plateau or hump in the price. Investors lose confidence and begin to pull their position out of fear that a crash in the price is coming, ultimately causing said crash themselves.

Source

Bryan
Bryan

Bryan indulges in every bit of crypto-related news and material he can lay his hands on. As such, he often shares his views and advice through the onXRP content platform. He is a firm believer in crypto’s potential in the financial and economic world. With 5 years of experience in investing and trading Bryan brings excellent insights to the table. He is excited to bring much of this knowledge and many of his skills to the onXRP platform.