Tag: Whales

It is only natural that the price of BTC changes following whales' transactions. Because altcoins have smaller market capitalizations, this effect is even more pronounced on their prices. The ways whales manage to manipulate the market are inventive and can lead to heavy losses for small traders. In our guide, we look into the matter and reflect on how to protect a wallet against whales. Understanding the Concept of Whales The term "crypto whale" refers to a person or organization…

Cryptos have been hyped as a strong contender for the next evolution of money. Their various revolutionary features have always driven the growing interest in them, both as a means of exchange and asset. Having had very humble beginnings in 2009 as more or less a geek's plaything, usage and investments have since surged. Investors, both veterans and newbies, keep regarding it as a viable avenue to entrust their hard-earned capital. The diversity in players investing in cryptos has profoundly…

Bitcoin addresses with 1 BTC or more are getting closer to the 800K mark, an ATH, according to a recent report. Data released by crypto statistic resource Glassnode on March 28, reveals that the total number of Bitcoin wallets containing at least 1 BTC currently stands at 797,420. Within a 24 hour period, the totals have increased by 101 wallets. It is also important to note that some individuals may have access to more than 1 Bitcoin wallets. This implies…