A crypto whale is a large holder of a cryptocurrency. The holder may be an individual, company, exchange, fund, early investor, or wallet controlled by a project.
Why whales matter
Large transfers can affect market sentiment. A whale selling into a thin market can move price, while accumulation by large wallets may attract attention from traders.
Limits of whale watching
A wallet movement does not always mean a sale. Funds may be moved for custody, exchange operations, internal accounting, or security reasons.
Whale activity can be useful context, but it should not replace understanding liquidity, tokenomics, and real project usage.