Whale(Whale)
Whale refers to an individual, institution, or organization that holds a large amount of a particular cryptocurrency, whose large-scale buying or selling may significantly affect market prices. There is no uniform quantitative threshold for this designation.
How to understand Whale
Whale Used to describe an individual or organization holding a large amount of a specific cryptocurrency. The key consideration is not only the quantity of assets held, but also whether the holder can significantly affect market prices through large-scale buying or selling. There is no universally accepted precise threshold for this concept; for example, some views consider holding at least 1,000 BTC to qualify as Bitcoin Whale, but this is not a uniform standard.
trading and governance impacts
Because large orders may exceed the liquidity that a regular trading platform's order book can absorb, some Whale use Over the Counter (OTC) trading, completing trades outside the exchange's public order book. On Proof of Stake (PoS) blockchains, holding more staked funds generally means greater voting power, which may enhance long-term stability but may also intensify power concentration.
Original Tutorial
https://www.binance.com/en/academy/glossary/whale
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