A whale is a wallet, person, or entity that holds a large amount of a crypto asset.
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Short definition
Whale is a whale is a wallet, person, or entity that holds a large amount of a crypto asset.
Simple explanation
Whales may influence market movement, liquidity, governance, or sentiment because of their large holdings.
Why it matters
Whale concentration can be a risk signal, but wallet labels and ownership can be difficult to interpret.
Example context
A token with a few wallets holding most of the supply may have high holder concentration.