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Whale

A whale is an individual or entity that holds a large amount of a specific cryptocurrency. Because of the size of their holdings, whales can influence market liquidity and price movements through large transactions. Their activity is often monitored on public blockchains, where transfers can be observed in real time. Whales may include early adopters, institutional investors, exchanges, or large funds. While their actions are not inherently harmful, sudden movements can increase market volatility. Their behavior can affect supply dynamics and short-term market conditions.