Whales Control the Majority of ETH Shares but Do Not Move It Often

Whales Control the Majority of ETH Shares but Do Not Move It Often Whales Control the Majority of ETH Shares but Do Not Move It Often
By Trevin Casinader - May 16, 2019

The cryptocurrency market is easily influenced to massive movements of any cryptocurrency, the investors who hold these large amounts are nicknamed 'whales.'

The latest report from Chainalysis suggests that these investors hold a third of all ETH and a fifth of all BTC. The study found that while holding such large amounts per person does not affect price, moving massive amounts at once makes market volatility skyrocket during large sell-offs.