Altcoin whales

[Odusko]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

[livingfree]

so the question is who are the whales behind the altcoin market development.

Count Vitalik and CZ.

They're part of the whales club for the altcoins.

CZ for BNB and Vitalik for Ethereum.

Honestly, we don't know who actually are the others, and to give that idea, it's mostly the developers of the biggest projects in the altcoins market. You can count them in as whales since they've been holding a lot of their tokens. And the value of it is a lot which makes them considerably as a whale.

[rat03gopoh]

Innovativeness doesn't always come from whales or hardly at all. Most new ideas emerge from people who are truly dedicated to changing global finance for the better and then they put those ideas into action with persistence. Even if the founders end up becoming whales because their ideas are accepted and implemented by many people, that's a sign that they're reaping the fruits of their hard work.

[Kemarit]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

It's pretty obvious that altcoin addresses doesn't have a name so we really don't know who they are. All we know is that they have huge amount of tokens behind those addresses we see in blockchain and it could be in the millions or maybe the biggest whales could have worth billions already. Anyhow, what's your concern though? why do you want to know who are those whales? And for sure most whales wanted to remain anonymous and doesn't want to flaunt their wealth.

[vv181]

for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation

They technically didn't change the blockchain, instead, they are using smart contracts to talks with the blockchain.

so the question is who are the whales behind the altcoin market development.

You know Ethereum have premine right? The ethereum foundation does reserve some funds to fits the need of the developments. Another one is ICO were exists for a reason. Or if you mean the developments of a token, generally, they exist because of people getting scammed.

[arifteguhr]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Only certain altcoin teams can find out who the whale is behind the altcoin blockchain, because anyone who isn't involved as a development team will have a hard time knowing who the whale is behind it now.
Because humans can only guess and read the written news if they are not involved in the blockchain development team.

[cryptoperkele]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Maybe i don't understand the question... people who hold most of the tokens are the whales, early investors, people who bought the bottom and held, insiders and developers usually. There are thousands of altcoins so it varies on how their tokenomics/distribution have taken care of

It's pretty obvious that altcoin addresses doesn't have a name so we really don't know who they are. All we know is that they have huge amount of tokens behind those addresses we see in blockchain and it could be in the millions or maybe the biggest whales could have worth billions already. Anyhow, what's your concern though? why do you want to know who are those whales? And for sure most whales wanted to remain anonymous and doesn't want to flaunt their wealth.

As a sidenote, cover of this pseudonymity (not anonymity) could end soon. https://twitter.com/paddi_hansen/status/1509536318585454597

[Jackl87]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

A whale for me per definition is someone that holds a large back of a certain coin. Of course the developers and team members of a certain crypto project are always also whales because usually around 10-15% of the total token supply is reserved for the team members. Those team tokens are usually vested for at least 1 year which means the team member can trade their tokens only after that period of time. Then of course they are whales of this project and if they have bad intentions they could just sell of their big bag and therefore dump the price of that token. Especially if it is a relatively small crypto project. Other whales are just rich people that buy into project with a lot of money.

[danherbias07]

Interesting questions. Before I had that same thought but I just forgot about it. Who are they? Why do you want to find out? If you did what will you do next? Because those questions won't matter if it doesn't have a purpose in the end. Yes, it's nice to know them but for what?
Whales hide their identity just like you and me. They don't want to be in trouble for scams, phishing, or any bad stuff on the internet. Buying new coins means they are also risking their money just like us, their's are just in higher amounts. I'd let it go if I were you, just keep track of the addresses with a high amount of coins/tokens if you want to monitor when to sell.

[kojektea]

No one knows who is behind all this, just like Satoshi Nakamoto who we only know by name but we never know who it is.
However, if we talk about all cryptocurrencies with very large volumes of course this is not one or two people behind all of this, it could be that really rich people are investing behind the scenes, maybe we know one of them is Elon Musk but that's only one , what if there are dozens of other rich people who are here.

[kidbounty]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

when asked who, I only think of one name which is Vitalik Buterin. he was the first to tell the world how easy it is to create altcoins. he introduced smart contract technology to the crypto community, because of this technology many developers launched crypto projects. he is the one who made the altcoin market huge. but he also makes it easy for scammers, in the past there were many shitcoin projects on the erc20 network. this may be the bad side of smart contract technology that can't be overcome until now. and he is currently one of the most influential people in the crypto space.

[DapanasFruit]

Not unless there can be a law that can be implemented for all whales to disclose their altcoins holdings, then it is almost impossible to ascertain for sure who are the biggest movers in the cryptocurrency market. I always read of some big name investors or companies which and who are volunteering their involvement with Ethereum and yes with Bitcoin also but we know that many of the heavy holders prefer to do things in private...and we should never forget that this is one of the many benefits being in cryptocurrency and that is doing things with some good degree of anonymity.

[ethereumhunter]

I don't feel confused about who is the whale behind the altcoin or any other coins because they won't expose who they really are either. But if you want to know who is behind the developers of the altcoin market, maybe you can look it up yourself. We know that Satoshi Nakamoto is behind the bitcoin blockchain, Vitalik Butterin is behind ethereum, and CZ is behind BNB, and many others. But who are whales and developers are different things and maybe developers can appear in public but whales are not used to appearing in public. So please understand first that the whale and the developer are two different things.

[lobo13hf]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

So many big companies have been making their venture capital to invest in the new projects. There are lots of venture capitals that actively investing into the various platform. Whales are also coming from the various institutions as well. It doesn't mean the whale will always be related with the guy or some groups.
So many big companies are also looking for the next gem and they are also wanna making some money from the market too. I guess that if you are seeing the market and some launch pad platforms and there will be so many new projects backed by big investors.

[Sled]

I hope you are familiar with these rich people as known whales in crypto.

1. Brian Armstrong: Net Worth £4.78 Billion
2. Sam Bankman-Fried: Net Worth £3.31 Billion
3. Chris Larsen: Net Worth £2.13 Billion
4. Michael Saylor: Net Worth £1.47 Billion
5. Changpeng Zhao: Net Worth £1.4 Billion
6. The Winklevoss Twins: Net Worth £1.18 Billion (Each)
7. Barry Silbert: Net Worth £1.1 Billion
8. Jed McCaleb: Net Worth £1.03 Billion
9. Tim Draper: Net Worth £810 Million
10. Matthew Roszak: Net Worth £740 Million
source: https://www.iexpats.com/top-10-crypto-whales/

Many aren't mentioned yet including companies investing assets in crypto like Tesla Company. Imagine their net worth crypto assets is really huge money and could absolutely affect the market once they move their money or they sell it.

They won't risk this amount if they are not sure about the future of cryptocurrency. And this seems it helps us to live confidently while investing in crypto.

[hashrateproducts]

No one knows who is behind all this, just like Satoshi Nakamoto who we only know by name but we never know who it is.
However, if we talk about all cryptocurrencies with very large volumes of course this is not one or two people behind all of this, it could be that really rich people are investing behind the scenes, maybe we know one of them is Elon Musk but that's only one , what if there are dozens of other rich people who are here.

There are so many whales in the crypto space. Although some of them identity are hidden. They are the ones in charge of the pumping and dumping of shitscoin, memecoins. They controlled the market by bagging large quantities of coins. Some of them are owners of coins and CEOs. Like Changpeng Zhao, he has much quantities of BNB while Vitalik has Ethereum. It's still a misery that We don't know the owner of Bitcoin physically, Satoshi Nakamoto, only heard of him. During the years, many people have claimed the identity of Satoshi Nakamoto.

[shinratensei_]

It doesn't have any correlation with the whales. Ethereum itself has been starting from the crowdfunding. I think that you misunderstood about this and it's not all of blockchain backed by whales but yeah some may backed by the whales like they are getting funded from the big companies that was buying their tokens during the private sale. I think that if the big players are playing a very important role.
If you are visiting the site like icodrop and you will be seeing so many new projects funded by the whales or in this case i would like to call that as angel investor.
You can see that.

[jrrsparkles]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

First of all no one is changing anything on the ethereum network but anyone can run their project over ethereum network means it eliminates the creation of new blockchain for every project which actually created with good intentions but scammers took advantage of it so created scam projects and used it over ethereum when the market at its peak to loot money from lame investors and there is no involvement of whales in this process, we call whale as someone when they are manipulating the market with their huge holding.

[henmark]

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Only certain altcoin teams can find out who the whale is behind the altcoin blockchain, because anyone who isn't involved as a development team will have a hard time knowing who the whale is behind it now.
Because humans can only guess and read the written news if they are not involved in the blockchain development team.

It is not even about finding out the whale, it is about following it and knowing what that person is doing.
I could just check the address of that person and know their moves. I had a friend who basically made a lot of money with this, he followed all the big moves of a token, and he bought and sold based on their movements and he turned 4 of a token into 32 of that same token (turned around 400 dollars to 3.2k dollars) just from that.

So, it is not really about knowing "who" they are, but more about what they will do. I personally can't do that because I am not as smart as that, but if people followed the money, they could do a lot better results when trading.

[Marvelman]

...who are the whales behind the altcoin market development.

While many altcoins start in the space, with a relatively unknown coin or project, the whales behind the development are not always known.
Altcoin market whale is someone who holds significant amount of specific cryptocurrency, for instance, the owners of the project, developers or even early investors in the coin or project. These individuals are important in determining the success of the project, but they are not the only ones behind the coins success.
After all, if the "sheeple" do not get into a new coin and project, the whole development falls in the black hole of the crypto world.