Tag: crypto whale
Who are Crypto Whales and why are they not good for Cryptocurrencies? Let’s find out!
After the price of Bitcoin hit a vital support level of $50,000, the third-largest Bitcoin holder on record added a whooping BTC 2,700 to their wallet, valued at $137 million (approximately Rs. 1,033.63 crores) (roughly Rs. 37.72 crores). Bitcoin whale accounts have been aggressively selling over the last week, particularly following the large drop on Saturday, and have played a key role in driving the most popular cryptocurrency beyond $50,000 (approximately Rs. 37.72 crores).