A wallet associated with Ethereum co-founder Vitalik Buterin was flagged sending 400 ETH, worth around $600,000, to Coinbase.
Whale News
A cryptocurrency whale, often known simply as a “whale,” is an individual, institution or exchange in the crypto community that holds substantial quantities of cryptocurrencies. Whales hold enough cryptocurrency to be able to manipulate the price of cryptocurrencies. As a result, the state of the market can be understood by observing how whales act, whether they are selling or accumulating.
A whale occasionally posts a sizable order to sell a considerable amount of its cryptocurrency tokens, also called the “sell wall” effect. They maintain a lower price than other sell orders, leading to volatility, which generally lowers the price of digital coins. Following this, there is a domino effect where others sell their tokens at lower prices out of panic. As a result, whales gain more power, as they can purchase more coins for less money.
In addition, whales frequently artificially raise the price of the tokens by placing large buy orders, which is the opposite of the sell wall effect. They increase interest in cryptocurrency tokens, which motivates buyers to improve their offers. In essence, whales impact other token investors through a ripple effect. They can influence the market in their favor by raising and lowering prices.
- News7881
- Market Analysis
Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail investors and possibly creating new market risks.
21005 - News
The community came across an unidentified wallet that stocked up on $3 billion worth of Bitcoin in the last three months, sparking a wave of theories about the potential owner.
26596 - News
During the pre-mine period, the 61,216 Ether was worth roughly $20 million, but eight years later, it’s worth more than $116 million.
5244 - Market Analysis
In recent weeks, BTC miners sent a record amount of Bitcoin to exchanges right as the network’s difficulty metric hit a new all-time high.
5342 - Follow up
As the Mt. Gox October repayment deadline approaches, crypto observers expect a major industry event this fall.
14643 - News
Its owner acquired the tokens during Ethereum’s ICO in 2015, when each ETH was worth only 31 cents each.
16250 - News
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch.
8395 - Market Analysis
Ether's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
2671 - Market Analysis
On-chain data and technical analysis show strength in ARB’s price, even after a weekend filled with rumors and sell-offs.
1924 - Market Analysis
BTC price continues to show bullish momentum, but institutional investors selling and the absence of whale buyers threaten to weaken the current rally.
15908 - News
A few weeks ago, CZ declared that it’s bad news when exchanges move large amounts of crypto to prove their wallet address.
19105 - News
A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH.
25345 - Explained
Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements.
- News
At just 15 sats/vByte, a Bitcoin user is demonstrating just how cheap it is to send vast sums of money across the internet.
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