Altcoin whales

[makishart]

Altcoin development were using the funds that publicy raised before through public funding. it's not only   by the whale. the whale itself act as support to the project and they are bringing more adverisement to the project as long as that's a legit project. in this case you are understand it in wrong way. The majority of project in crypto used fund raised from public investors for altcoin development. it's not fully funded by the whales.

[ijeb]

If you mean a whale is one that is holding a lot of crypto in the wallets than there are a lot of people with a lot of stored value.
If you mean a whale is one good computer science and blockchain engineer that the people behind biggest chains on the market are a good example but the biggest one might be Satoshi.

[wxa7115]

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.

I also question why the OP wants to know information about the whales, I mean one of the most important reasons to use cryptocurrencies is the fact that you can protect your privacy while you do so.

If someone could just point out to you and say that you are a whale then suddenly you become a target of scammers and criminals that will want to get access to your coins, so while whales can manipulate the markets due to the huge amount of coins they have, they also have the right to protect their privacy as the rest of the users in this market.

[Odusko]

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.

The both are Strong name in the cryptocurrency industry with CZ owning the world largest cryptocurrency exchange and the owner of the binance smart chain their hold a strong position as to what goes on in the cryptocurrency market.

[Lordhermes]

We have whales everywhere in the crypto space. We have the ones that deals mainly on Bitcoins. While we have the ones that deals with both Bitcoin and Alt coins. They are behind the pumping and dumping of coins in the crypto market. We have the CEO of Binance, Changpeng Zhao, who has large amounts of BNB stored in his wallets. While Vitalik buterin, who is claim to be among the early co-founders of Ethereum as of 2011. Perhaps private companies are keying into Cryptocurrency. These companies also buy shares with some upcoming Tokens, and they purchased a huge amount of Gems in the market. Gems can make you rich overnight, buying these coins when it's dipping and selling it when it's pumping are the best thing that would makes you achieved a lot of profits in the space. Go for shitscoin, they're the best, rather than placing short and long trades on Bitcoin.

[Odusko]

We have whales everywhere in the crypto space. We have the ones that deals mainly on Bitcoins. While we have the ones that deals with both Bitcoin and Alt coins. They are behind the pumping and dumping of coins in the crypto market. We have the CEO of Binance, Changpeng Zhao, who has large amounts of BNB stored in his wallets. While Vitalik buterin, who is claim to be among the early co-founders of Ethereum as of 2011. Perhaps private companies are keying into Cryptocurrency. These companies also buy shares with some upcoming Tokens, and they purchased a huge amount of Gems in the market. Gems can make you rich overnight, buying these coins when it's dipping and selling it when it's pumping are the best thing that would makes you achieved a lot of profits in the space. Go for shitscoin, they're the best, rather than placing short and long trades on Bitcoin.

My major questions are the whales who are there and what are their interest in the cryptocurrency market why is there so much power in the hands of the whales is it because their holds a large portion of the various cryptos.

[RussianEnglishTranslation]

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.

Well anyone can create a token on Ethereum so I'm not sure what you mean. You did hit on an important point though, these days you have to have a lot of money behind your project if you want to make it. HBAR has a 5 billion dollar developer grant program, NEAR has a 1 billion dollar one, and ICP has a similar grant program. All these projects are backed by VC and are going to make it long term. Will your shitcoin that isn't backed by VC funds make it? probably not.

[Johnyz]

If you mean a whale is one that is holding a lot of crypto in the wallets than there are a lot of people with a lot of stored value.
If you mean a whale is one good computer science and blockchain engineer that the people behind biggest chains on the market are a good example but the biggest one might be Satoshi.

Those developers are usually have more tokens since they can have it any time but if the supply is already there and very limited, I’m sure whales are not just the developer since they are a good project they can get more investors for that. Its hard to know if Satoshi is still here and holding his cryptocurrency, what we know right now is that whales are growing, many rich people are into cryptocurrency now and I wonder what would be the effect of this in the economy of cryptocurrency in the future.

[wheelz1200]

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.

99% of the work on alts is done done by whales but just straight up scammers.  All of these coins are mostly just copy/paste and clone coins or tokens.  There is no need for them.  That's who the whales are...scammers.

[WalkerIVIV]

All of parties. Mostly of icos were doing crowdfunding and ordinary people, business man, crypto venture capital, big companies are joining in this crowdfunding. The fund that raised through crowd funding used by the ico team to develop its product. The fact that when you are aware about that if developing the product will need to to have some money in your pocket to pay anything that will help your project to gain massive transaction. Marketing, exchange listing and so many things need to be paid with your money.- That's why i see no whale have main role in this case.
I will say if all of people are playing their own role in this case.

[Mosharafhh]

Whales are always linked to each other and they preplanned about any project. Its natural cz will be one whale if he invest in any project through binance academy and also he can make change of any token future. And altcoin future 100% organizing by any of them whales.

[StormHawk]

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.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

[batang_bitcoin]

Whales are always linked to each other and they preplanned about any project. Its natural cz will be one whale if he invest in any project through binance academy and also he can make change of any token future. And altcoin future 100% organizing by any of them whales.

That's what he does these days. With the success of Binance and its token and chain, there's nowhere to go but just to help and fund the other projects that he thinks is also good in the future.
Aside from that, he's also entering venture not just related to crypto but as well as other businesses that he get into it. He's literally now one of the biggest investor and venture that we've got in the community.

[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.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

Well, they're actually considered whales of their own projects.

Aside from the other whale investors, they're part of it because they hold a huge portion of these tokens so they're still part of the whales club for their both projects.

There are other whales that are not documented and want to remain silent with all of the commotion that's happening in the community for each of these projects.

[Yaunfitda]

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.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

Yeah, but who knows, they have the influence and can impact the market with their decision and announcement. For me that is a whale already if he can move the market without using any money, but his influence only.

But as far as the whales buying bulk and chunk of altcoins, not sure if they are going to work with one another to affect the market. In my opinion, they are not colluding, but separate individual who decided for themselves only.

[TheUltraElite]

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.

I think you are confusing between developers and whales. While one can be both like some users in this thread pointed out, they are usually different people, because developers are rare among common people but rich people are common.

It therefore ends up being who invested in what and nobody is going to give you a concrete answer to this because by nature these currencies are pseudo-anonymous.

But you can assume that whales will be there and they will try to influence the market psychology and you have to act against that, otherwise you are the one losing out on opportunities. Whales who raise the prices of some shitcoins are not to be trusted. In this sector, it is better to use your own judgement more often than what whales/"self-proclaimed whales" are doing.

[jaberwock]

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.

No we aren't but maybe your only the one that is confused. Why do you want to know if who is the whale behind altcoins? and what will you get after that? But I will tell you, it is not possible to know them. A whale identity is anonymous because what they are doing is kinda unethical. Everyone hates them for the fact that they are manipulating this market and making many people lose their money.

The creators of several altcoins that you saw right now are not called whales. I already explain the definition of whales earlier. Also I don't think anyone can edit or make any changes in the blockchain. That what make's blockchain unique.

[Sterbens]

Like the Oligarchy or Plutocracy groups that control the economy of a country. Laugh out loud

Not much different from the condition of the altcoin market which holds the largest will continue to enrich itself. Whales will always have control at their disposal according to their goals, but on the surface turn out to be heroes. As others have said, in the altcoins that are indeed the marketplace for every token or coin there are only 2 popular networks. But does everything look transparent? not really !!!

[Odusko]

Like the Oligarchy or Plutocracy groups that control the economy of a country. Laugh out loud

Not much different from the condition of the altcoin market which holds the largest will continue to enrich itself. Whales will always have control at their disposal according to their goals, but on the surface turn out to be heroes. As others have said, in the altcoins that are indeed the marketplace for every token or coin there are only 2 popular networks. But does everything look transparent? not really !!!

Exactly the highest holder take it all as most of the whales control the direction of the market since there are big bag holders of the coins, I always take Elon Musk for example if he decides to sell off his dog coin the market will feel the impact of that movement.

[bussybuddy]

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.

Those who are passionate and interested in this field are the big whales. We can have their assets priced into fiat assets with blockchain. CZ and Vitalik have always been the whales we know, plus we often hear about the CEO of MicroStrategy amassing a lot of crypto Try searching more through https://etherscan.io/accounts