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W
Culture

Whale.

A participant with enough capital or holdings to materially affect a market.

PLAIN ENGLISH

What does Whale mean?

A whale is a very large holder or trader relative to the market they are in. The smaller and less liquid the asset, the easier it is for a single whale’s buy or sell to move price.

IN THE WILD

How people use it

Crypto, gambling and financial markets.

EXAMPLE“One whale sold into a thin book and moved the whole chart.”
ALSO USED AS

large holder · big wallet

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