Crypto whales are some of the most influential entities in the crypto space. In fact, they are so important that individuals and tools track their activities to predict price movements.
The threshold of determining whether an altcoin holder is a whale or not depends on the market size of the coin in question. As such, although $10 million worth of BTC is the threshold for identifying bitcoin whales, the minimum requirement may be lower for altcoins, especially those with small market capitalization., also called a market cap, is a metric that shows the relative size of each cryptocurrency.
NFT whales are entities that own a large number of NFTs, ideally of the same collection, though often NFT whales own many high-value blue-chip NFTs such as, CryptoPunks, Moonbirds and others. A collector who owns a significant fraction of an NFT collection is an NFT whale. For instance, if a collection consists of 1,000 NFTs, an individual or organization that holds 50 of such NFTs would likely be considered a whale.
will likely plunge sharply. When the price has dipped enough, the whale can start buying BTC at a value lower than his initial selling price. If done right, the whale will end up with more BTC than he began with.Another basic economic principle that whales can take advantage of says the price of an asset will increase if the demand exceeds supply. With this in mind, an individual or group of bitcoin whales can initiate buying pressure.
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