A ‘whale’ of a problem in the crypto class?

Every now and then, we hear of the movement of a crypto whale, and the waves of the market move in whichever direction they swim. Because crypto whales are individuals or entities that hold a large amount of cryptocurrency, they have significant influence over the market due to their ability to buy or sell large quantities of coins, which can impact prices and market trends. In the context of Web3, crypto whales are often seen as key players in decentralised finance (DeFi) projects and blockchain ecosystems. Here are some key points to know about crypto whales:

·      large holdings - crypto whales typically hold large amounts of cryptocurrencies, making their actions significant in the market

·      market impact - due to their large holdings, whales have the power to influence prices and market trends through their buying and selling activities

·      whale watching - keeping an eye on whale activity can provide insights into potential market movements and trends

·      risks and opport…