What Are Crypto Whales and How Can You Spot Them? | Binance Academy

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What Are Crypto Whales and How Can You Spot Them? | Binance Academy
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Interested in whale watching? 🐋 Whales in crypto are holders of large amounts of tokens, meaning they can have an influence on markets with their trades. We've put together a number of methods you can use to spot and track them.

Crypto whales are individuals or entities who hold large amounts of cryptocurrency and can influence markets with their trades.

While whale activity can provide useful insights, it can be risky to rely on such activity to make trading decisions.Crypto whales are individuals or entities who hold large amounts of cryptocurrency, having amassed their substantial holdings through early investments,, or other means. With significant crypto holdings at their fingertips, whales have the ability to influence the market by buying or selling large amounts of assets, causing price fluctuations.

, there is no fixed amount of crypto assets someone must hold to be considered a whale. The term is relative and depends on the specific cryptocurrency in question.of a particular cryptocurrency and are able to impact price movements by making trades.market capitalization

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