Crypto whales are a key supporting element, offering retail crypto audiences much-needed intel on price action.
In the world of cryptocurrencies, there exist entities known as “whales” who wield immense power and influence over the market.
These crypto whales are individuals or entities with significant holdings of digital assets, often in the form of Bitcoin (BTC), Ether (ETH) or other major cryptocurrencies. Tracking whale wallets on a blockchain explorer has historically been incredibly helpful in understanding market sentiments. Whale actions, from large transactions to strategic moves, can cause ripples throughout the entire crypto ecosystem.
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Source: https://cointelegraph.com/explained/how-do-crypto-whales-protect-their-identities