Definition:
A whale is defined as a person or organization that owns a large amount of a particular cryptocurrency. The quantity of cryptocurrency owned by whales is usually enough to affect the market, giving them the ability to manipulate prices. Crypto whales are named after the sea mammal due to their huge size in comparison to other sea creatures, such as fish.
Explanation:
Whales are a concern among the blockchain community due to their ability to influence cryptocurrency prices. They often work together to arrange price movements which work to their benefit. One such price movement is known as a pump and dump. In this case, whales purchase large amounts of coins and tokens to increase the price. Once the price continues to increase due to the inflow of new investors, they quickly sell their position, leading to a decrease in price (dump).
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