If you’ve spent any time in the crypto world, you’ve probably heard the term “whale.” But where do whales come from in the crypto market?

Who are these mysterious players making waves in the blockchain ocean, and why should you care? It’s not for nothing that the largest market analysts refer to them in their forecasts!

Let’s break down all these questions to find the answers and underline how the crypto whales can help to upgrade your product. 

Before we start – take a look at Evercode Lab’s services that we can build for you. Trust us, the services that we can develop specifically for your business will be as useful to you as this article!

Who Are Crypto Whales?

To bring a little bit of clarity, crypto whales are individuals or even organizations that hold significant amounts of cryptocurrency, enough to influence market prices when they buy or sell. 

So, think of them as the market’s deep-sea giants (just like whales). A single transaction from a whale wallet can cause massive price movements, spark volatility, and set off chain reactions across exchanges.

These whales can be early adopters, institutional investors, exchanges, or even project treasuries. Their wallets often contain thousands or even millions of coins. For example, Bitcoin whales typically hold at least 1,000 BTC or more.

Fun fact: 1,000 BTC is not the limit! There are holders called humpback whales, who hold more than 5,000 BTC.

Why Tracking Whales Matters

When whales move, the market listens. No magic, just pure analytics. 

Their actions often precede major shifts in market direction: whether it’s a surge or a crash. For traders, crypto investors, and especially Web3 or blockchain businesses, understanding whale activity offers valuable insights:

  • Identifying hot assets or networks: If whales begin accumulating a certain token, it can indicate rising interest and potential growth. Building your own product or integrating a token that is gradually heating up and growing is a fairly effective strategy.
  • Tracking liquidity shifts: Whale movements show where liquidity is concentrating, such as increased focus on Layer 2 networks or specific ecosystems.
  • Strategic integration: For businesses building in Web3, these insights help predict which protocols or technologies to integrate before the next wave of adoption.

How to Track Crypto Whales

Thanks to blockchain transparency, anyone can track whale activity using tools like Whale Alert, Glassnode, or Nansen. These platforms monitor wallet movements across major blockchains and provide real-time alerts on large transactions.

Whale tracking isn’t just about watching big wallets. It’s about understanding behavior patterns. For instance, a surge of coins moving to exchanges might signal potential sell-offs, while accumulation in private wallets can indicate long-term confidence.

If you seek the same analytic tools that can be integrated into your product, this is where our Asset App Management will make your dreams come true!

How Evercode Lab Can Boost Your Service

Simply, integrating Asset App Management into your Web3 or crypto solution enables your business to aggregate, analyze, and visualize portfolio data in real-time. 

Evercode Lab’s white label asset management app lets users track multiple wallets, exchanges, and assets securely, offering full transparency without compromising privacy.

We talked in more detail about this service in a recent article, where we showed a real user case of its hasty application for neobanks. 

Develop with Evercode Lab – contact our team to discuss the project in more detail.