This article has been translated from English to Gen Z Slang.
A whale is basically like that one person or squad with mad stacks of a certain crypto. 🐳 They could be some big-shot individual, a company, a whole crypto exchange, or even one of those institutions that holds a ton of crypto and has a fat chunk of change thrown into the whole crypto scene. 📈
Bear Whales are those peeps using their hella big bucks to mess around with crypto prices, trying to cash in when everything's on the down-low. 💰😂
Whales are out here doing the most by playing around with sell walls on a CEX’s order book, finessing other traders into thinking they should sell their stuff ASAP when they peep the sell wall. 😬📉
This move could totally tank the demand and price, causing other traders to bounce before everything hits the fan. 🚀
Whales be flexing those sell walls, trying to psych out other traders to drop their sell orders below the wall, making the prices spiral downward. Bruh, it's a whole mind game. 🤯