An individual or group that hold large amounts of bitcoin or other cryptocurrency.
Example Sentence : The market tanked today as the Whales took profits.
by cfaulk 2020-12-10 13:05:14

Also Known By:

Whales


Understanding the Bitcoin Whale

Large bitcoin holders are called whales because their movements disturb the waters that smaller fish swim in. Following the 80-20 rule (also known as the Pareto principle), the top 20% of bitcoin holders have more than 80% of bitcoin value in U.S. dollars. According to BitInfoCharts, just three bitcoin wallets own 7.39% of all the bitcoin in circulation with a value in 2020 of $396 million, and the top 100 wallets hold 31% of all bitcoin at a value of $1.7 billion.



Read Investopedia Article

Get the mug
Try out Locaps.com for Hidden Crypto Gems.