![whale crypto wallet](https://coinsutra.com/wp-content/uploads/2023/03/Crypto-whales.jpg)
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What is nuls cryptocurrency | Crypto whales are important to the cryptocurrency investment space because they can create a ripple effect in the market, generating changes in token valuation. Learn how these large accounts can influence cryptocurrency investors and the market. For example, if Bitcoin holders that have been HODLing their BTC for an extended period of time begin moving their coins, that could be a signal that a sell-off is coming to the Bitcoin market. These investments typically tend to be in more smaller projects or tokens that have yet to gain traction. This is where blockchain analytics platforms shine. What Is a Crypto Whale? Other investors go on high alert when whales sell, watching for indicators that they're "dumping" their holdings. |
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Crypto Regulation Outlook w/ Eleanor TerrettCrypto whale trackers are tools that allow users to see transactions made by whales and use that information to inform their own trades. A crypto whale is any individual or entity with many coins or tokens in a private crypto wallet. Many blockchain analytics firms, such as. Whale Alert continuously collects and analyzes millions of blockchain transactions in real-time and combines them with off-chain data from hundreds of sources.
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