Where are the crypto whales going? — Crypto on vc.ru

more than 1000 BTC. Those who own other cryptocurrencies in the equivalent of 1000 bitcoins are commonly called crypto-whales.

The cost of a coin is largely determined by supply and demand. In turn, a cryptokit, having a significant amount of coins, can influence the cost in its favor, putting up significant volumes for purchase or sale.

Objectively speaking, to become a cryptokit, you need to have about 10 million dollars invested in one of the many cryptocurrencies. But basically everyone invests in BTC, ETH, SOL, ADA, DOT, AVAX, SHIB, DOGE, USDT and USDC.

Anonymity principles embedded in many cryptocurrencies , have led to the fact that addresses containing a larger number of coins are almost impossible to associate with any person or organization, while there are constant movements of amounts between such addresses. At the same time, there are many people and companies in the world who have become some kind of superstars by officially announcing that they have a lot of bitcoins.

Inhabitants of the crypto community are classified as follows: Shrimp is the one with less than 1 BTC, the Crab is from 1 to 10 BTC, the Octopus is from 10 to 50 BTC, the Fish is from 50 to 100 BTC, the Dolphin is from 100 to 500 BTC, the Shark is the one who has from 500 up to 1000 BTC, KIT is someone with more than 1000 BTC, and Humpback Whale is someone with more than 5000 BTC.

Satoshi Nakamoto, the creator of Bitcoin, is believed to own 1 million BTC. And, for example, the Winkelvoss twins once owned 1% of all bitcoins. In addition, exchanges own a large volume, but the funds in this case belong to many users, and the movement of coins within the exchanges does not lead to market movement.

In fact, there are a lot of creep whales, and the most famous among them are Michael Saylor from MicroStrategy, Tim Draper, Barry Silbert, Jack Dorsey and, until recently time, Tesla, but as it became known, Elon Musk’s company sold almost all bitcoins. Whale Alert on Twitter or Telegram. However, do not forget that tweets are made by people who specifically follow the movements and trade of whales, and they can be “mistaken”. So whenever you read about whale transactions on social media, be sure to research the information yourself.

Why is a whale dangerous in crypto trading?

A legal entity or individual anonymously sells and buys cryptocurrencies by investing fiat or digital capital in a new coin, thereby making large intraday transactions. The price of the coin grows, interested investors come, and after the pump, many shrimp players are waiting for big transactions, but the whale may not “swim” for years.

At the same time, the whale almost always interested in buying at a lower price. And if the whale sells, then it is better to act together with it, but this only works if you bought with the whale, but how to track it? One answer is launchpad token pre-sales run by regulated centralized exchanges that sell tokens from really working fintech projects. Such launchpads are periodically launched on Phemex, Bybit, Binance, FTX and many others.

should I go whale watching?

For most people, the answer is no. Logically, this can be explained by the fact that crypto whales are interested in seeing the value of the coin grow (except when the whales plan to leave the market for some reason). Trying to ride every wave that a cue ball creates can lead to a waste of time and losses. It is more important to make sure that you understand the market as a whole and follow its movements, therefore, a long-term strategy is the best tool for determining whale manipulation. In investing, you must understand when you want to exit the market – either at a certain amount or after some event. In the case of Bitcoin, it is logical to go now and wait for the halving in 2024. In the case of Ethereum – an important event for this blockchain will happen earlier – already in September of this year, the ownership algorithm will begin to replace the mining algorithm, which will certainly have a significant impact on the value of ETH. If you trade intraday, then setting a stop loss provides protection from the actions of whales.

Is it possible to become a cryptokit?

In general, there is no secret in becoming a cryptokit no, it is enough to have the appropriate capital. And despite the liquidation cascades that happened in the market some time ago with companies such as Celsius, Voyager, BlockFi and 3AC, many crypto whales continue to accumulate, as well as ordinary users. This is evidenced by statistics – the number of addresses containing one bitcoin has overcome another historical maximum.


Trading against a whale and with it is a dangerous occupation, since manipulations are always arranged in favor of the master of the game, but understanding his actions and the ability to seize the moment is an important skill for your own investment strategy.

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