Crypto Terms:
Letter W
What is Whale?
Meaning:
Whale -
a person who has big amounts of cryptocurrencies and can influence the market prices either by buying or selling them.
Let's find out Whale meaning, definition in crypto, what is Whale, and all other detailed facts.
A whale is a person who has a huge number of cryptocurrencies and can highly influence market prices. Also, whales are a part of a special group of people and organizations who hold enough cryptocurrency to move their spot price on the market. They are the opposite of cryptocurrency fishes (or minnows) who hold insignificant amounts of cryptocurrency.
There is no clear minimum threshold for whales, however, others believe that a Bitcoin whale must have at least 1,000 BTC. The Pareto Principle states that the top 20% of Bitcoin owners control more than 80% of the currency's value. Usually, the identities of Bitcoin whales remain anonymous.
The industry's greatest Bitcoin whales include Satoshi Nakamoto, the creator of Bitcoin, as well as Tyler and Cameron Winklevoss, co-founders of the Gemini exchange. Besides them, Tesla and Microstrategy feature heavily on the list from an institutional perspective since they hold hundreds of thousands of Bitcoin.
Even though a whale is usually a wealthy individual, the word can also refer to an entity or organization that has a considerable amount of cryptocurrencies and the potential to drive the market up or down.
Bitcoin whales are notorious for establishing speculative patterns that Bitcoin fish follow. This frequently results in a reoccurring cycle in which BTC principles get separated from the primary determinants of cryptocurrency markets.
Craig Wright, an Australian businessman, was prosecuted in 2019 for supposedly possessing more than 1.1 million BTC. A while back, Craig Wright was originally thought to be the one hiding behind the identity of the enigmatic Satoshi Nakamoto. Therefore, transfers of large quantities of BTC, particularly from outdated cryptocurrency wallets, frequently lead to a belief that Satoshi Nakamoto is still around.
Bitcoin and it is used to describe the point at which crypto holders will be rich enough to buy a Lamborghini.<\/p>\n<p>Lamborghinis are luxury automobiles that serve as a symbol of aspiration for what cryptocurrencies would be worth in the future. Many wealthy crypto investors have even <strong>purchased Lamborghinis only as a symbol<\/strong> of their market success.<\/p>\n<p>After the cryptocurrency Consensus Investment Conference in New York in November 2018, which came months after a massive surge in the price of Bitcoin, the phrase <em>\"When Lambo?\"<\/em> gained even more attention. To signal the presence of cryptocurrency investors, the Bitcoin Mercantile Exchange rented three Lamborghinis for the event.<\/p>\n<p><strong>Peter Saddington<\/strong>, the entrepreneur and co-founder of VinWiki, is a great example of illustrating the phrase <em>“When Lambo?”.<\/em> He was able to use his crypto assets to purchase a Lamborghini with Bitcoin that he had purchased for $115. He sold 45 bitcoins to pay for a $200,000 Lamborghini. However,<strong> if he had<\/strong> waited a little longer, his crypto stockpile would have been worth tens of millions of dollars.<\/p>","definition":"a phrase used to describe the point at which cryptocurrency holders will be rich enough to buy a Lamborghini.","status":"published","meta_title":"What does When Lambo mean? Definition & Meaning | Crypto Wiki","meta_description":"When Lambo meaning: When Lambo - a phrase used to describe the point at which cryptocurrency holders will be rich enough to buy a Lamborghini.","meta_keywords":null}"
:prev-section="{"id":830,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Ethereum#Ether","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-22T17:43:51.000000Z","slug":"what-is-wei","title":"What is Wei?","section":"W","keyword":"Wei","content":"<p>Wei refers to the smallest denomination of ether. Moreover, <strong>ether<\/strong> is a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrency token utilized on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum <\/strong><\/a>network<strong>.<\/strong><\/p>\n<p>To specify, 1 ether equals 1,000,000,000,000,000,000 wei.<\/p>\n<p> <\/p>","definition":"refers to the smallest denomination of ether.","status":"published","meta_title":"What is Wei? Definition & Meaning | Crypto Wiki","meta_description":"Wei meaning: Wei - refers to the smallest denomination of ether.","meta_keywords":null}"
:model="{"id":831,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Slang","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-11-22T17:47:50.000000Z","slug":"what-is-whale","title":"What is Whale?","section":"W","keyword":"Whale","content":"<p><strong>A whale is a person who has a huge number of cryptocurrencies and can highly influence market prices.<\/strong> Also, whales are a part of a special group of people and organizations who hold enough cryptocurrency to move their spot price on the market. They are the opposite of cryptocurrency <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fish/">fishes (or minnows) who hold insignificant amounts of cryptocurrency.<\/p>\n<p>There is no clear minimum threshold for whales, however, others believe that a<strong> <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin whale must have at least 1,000 BTC<\/strong>. The Pareto Principle states that the top 20% of Bitcoin owners control more than 80% of the currency's value. Usually, the identities of Bitcoin whales remain anonymous.<\/p>\n<p>The industry's greatest Bitcoin whales include <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-satoshi-nakamoto/">Satoshi Nakamoto<\/strong><\/a>, the creator of Bitcoin, as well as <strong>Tyler and Cameron Winklevoss<\/strong>, co-founders of the Gemini exchange. Besides them, Tesla and Microstrategy feature heavily on the list from an institutional perspective since they hold hundreds of thousands of Bitcoin.<\/p>\n<p>Even though a whale is usually a wealthy individual, the word can also refer to an entity or organization that has a considerable amount of cryptocurrencies and the potential to drive the market up or down.<\/p>\n<p><strong>Bitcoin whales are notorious for establishing speculative patterns that<\/strong> <strong>Bitcoin fish follow<\/strong>. This frequently results in a reoccurring cycle in which BTC principles get separated from the primary determinants of cryptocurrency markets.<\/p>\n<p><strong>Craig Wright<\/strong>, an Australian businessman, was prosecuted in 2019 for supposedly possessing more than 1.1 million BTC. A while back, Craig Wright was originally thought to be the one hiding behind the identity of the enigmatic Satoshi Nakamoto. Therefore, transfers of large quantities of BTC, particularly from outdated <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">cryptocurrency wallets<\/strong><\/a>, frequently lead to a belief that Satoshi Nakamoto is still around.<\/p>\n<p> <\/p>","definition":"a person who has big amounts of cryptocurrencies and can influence the market prices either by buying or selling them.","status":"published","meta_title":"What is Whale? Definition & Meaning | Crypto Wiki","meta_description":"Whale meaning: Whale - typically refers to a person that has big amounts of cryptocurrencies and can influence the market prices either by buying or selling them.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
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current-chapter="W"
current-section="what-is-whale">
