Who are whales in the cryptocurrency ecosystem
I told you that the moment you are referring to the cryptocurrency ecosystem you should knows that they are a lot of things to learn deep down along the line. The cryptocurrency ecosystem is more than just the money making, we can educate ourselves and at same time got ourselves paired with other person's. What I mean is that we can learn together and as we progresses further we can also come across great minded individuals that can at the end be our best friend when it comes to life and also the cryptocurrency ecosystem. Many people through the cryptocurrency ecosystem today have been able to change their cryptocurrency story around, this was made possible simply because they were able to see the cryptocurrency ecosystem as more than just making money. I have attended different cryptocurrency seminars and I must admit that such has impacted my life positively. I am looking forward to assisting the cryptocurrency ecosystem by organizing my own cryptocurrency seminars someday. I want to make sure that I am giving back to the cryptocurrency ecosystem also. It should not be me just receiving from the cryptocurrency all the time. As for your information , if we all goes like this we will be able to push the cryptocurrency ecosystem positively. Once again we should do this and help push the cryptocurrency ecosystem to the apex height that it so desire. I know this is hard to achieve as it will require funds deep down no matter what but what we all should knows is that it will impact our lives and the cryptocurrency ecosystem and the blockchain at large positively. The cryptocurrency ecosystem for sure needs this type of growth in other for it to be able to scale to mainnet.
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If you observe closely you will see and discover that when it comes to every cryptocurrency project out there, they are big name players in that cryptocurrency ecosystem and such blockchain at large. I will refer to whale as to those people invested a lot of money into such cryptocurrency project all in the name to assist such cryptocurrency ecosystem. They are big name players because simply put they are among those that have a lot of money in such cryptocurrency project.
Explaining what whale is, I will say that assuming when you heard about a cryptocurrency project or protocol, you decided to invest your money into it. After investing your money into it you make research and discovered that the top 50 people with the highest money or fund invested into the cryptocurrency ecosystem you are among, this shows that you are a whale in such cryptocurrency project or ecosystem.
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As for your information, one thing that you should note and knows is that when it comes to the cryptocurrency ecosystem, they are some good benefit for whales in any cryptocurrency ecosystem. Some of the basic things to note is that the whales might have the privilege to control the cryptocurrency project especially if such cryptocurrency project is decentralised. This can be done through using what we can voting.
The whales will be prioritize the more so that they don't dump their token or coin. This is simply because the cryptocurrency owner won't won't such person to key out of such cryptocurrency project. We all knows that when they do, it might affect the cryptocurrency project as at that time. Simply because of this fear they are prioritize heavily.
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- Whales investment yield more and more money because of their big invested cash to that cryptocurrency project. The whales since they are big name players in the cryptocurrency ecosystem and the blockchain at large, cryptocurrency project owners don't for any reason jokes with them just like what I stated above.
I remembered back then while I was still a newbie in the cryptocurrency ecosystem and the blockchain at, I was able to understand more better what whales mean in the cryptocurrency ecosystem through the Hive blockchain. This made it very easy to understand the meaning and it important, I must admit. I am really grateful for that. With all being said, they are some persons out there who wants to still research about what whale is in the cryptocurrency ecosystem, you can read with this link
You should bear it in your mind that in as much you control large amount of such cryptocurrency project token, then you are a whale.
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I will end the post here, have a nice day.
Whales activities can be 2-faced:
when they buy and HODL or to provide liquidity on a protocol, price of the token or coin rises tremendously.
When they sell, price dumps and might lead to rug-pull if the projects lacks substance like enduring and broad utilities. Take for instance, when Elon Musk and the US government sold huge amount of their BTC holding, the price of BTC dipped drastically.