Crypto whale watching: Why investors should track them to generate profit

moneycontrol.com:

Imagine swimming alongside a whale in the middle of an ocean — the experience can be reassuring or frightening, depending on your proficiency at swimming and your comfort with the largest mammal on earth. Now, apply the same concept to the crypto world and you’ll get the picture of what it could mean to follow the crypto whale.

Crypto whales is a term used to describe investors with a disproportionately large holding of a cryptocurrency. They can influence the price of their respective crypto tokens with their buying/selling power and disrupt the crypto markets with relative ease.

It is important to spot such whales and track their trading activity to profit from it or to simply avoid being on the losing side of a trade.

Tracking crypto whales

Over the years and through the many bull and bear cycles, cryptocurrencies with large market capitalisation such as Bitcoin (BTC) have usually reacted in the direction of major trends when crypto whales have been in action. While some meme crypto tokens like Dogecoin (DOGE) or SuperDoge (SUPDOG) can fluctuate wildly when crypto whales are in action, these large investors exert considerable influence on price by means of their trading volumes.

This makes it important for retail crypto investors to track the largest wallets and stay abreast of major changes in their holdings so as to align their trading strategy accordingly. There are dedicated crypto websites such as Watcher.Guru that offer crypto whale tracking services and a host of other analytics to guide the average crypto investor. This site provides unparalleled coverage of automated cryptocurrency whale tracking. It also allows users to vote for their favourite tokens and provides helpful insights into the most active