Looking for Cryptocurrency Whales? Its Positive or Negative impact on a crypto project.

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In the world of cryptocurrencies the term \"whales\" is used to define, as a metaphor, those giant creatures of the cryptographic ocean that possess millions of cryptocurrencies and are able to manipulate the market.

For example, a user or entity, or perhaps a wallet address, that stores thousands of Bitcoins, is called a "Bitcoin whale". In the Bitcoin world, whales are those investors who have between 1,000 and 5,000 bitcoins. Obviously, this type of investor has a high capital.

A person who has a high capital can make a significant impact on the market prices of a crypto project he starts. Either buying or selling millionaire sums of that cryptoasset.

So we could say that the movements of cryptocurrency whales have the ability to cause significant repercussions within the crypto space. Therefore, in the event that you are starting your cryptographic project and you decide to sell a considerable amount of your coins to a single investor or whale, you must take into consideration that he profiles your project in the future in the same way you want it; at the same time that he gives the expected usability to the coins within the market, in order for that project to continue to grow. Otherwise, your project and effort could disappear in a single million-dollar sale.

Most of the whales dominate the advanced technology, therefore they are characterized by the anonymity of wallet addresses and their transactions, it is difficult to know who the addresses belong to or who are the entities that keep the largest amounts of a given cryptoasset.

It is not a question of not accepting large investors or whales in a crypto project, but considering the wide projection that the project can bring to the whole community that has seen the potential of the project and bought small amounts of coins. Consider that this community will be responsible for providing continuity and usability over time.

Whales, on the other hand, by managing large masses of capital in digital currencies, whether individuals or institutions have the ability to move the market at will. Whales already belong to this highly volatile market, the well-known whales are generally considered the source behind the volatility of the market.

Do you prefer to sell to small fish or big fish in the large crypto ecosystem?