Track crypto whales and generate profits. Here’s how

livemint.com:

Imagine swimming alongside a whale in the middle of an ocean, an experience that can be reassuring or frightening, depending on your proficiency at swimming and your comfort with the largest mammal on earth.

Now apply the same concept to the crypto world and you get the picture of what it could mean to follow in the wake of a crypto ‘whale’.

Used to describe investors who have a disproportionately large holding in a particular cryptocurrency as compared to retail investors, ‘crypto whales’ can influence the price of respective crypto tokens with their buying/selling power and disrupt crypto markets with relative ease.

It is therefore important to spot such whales and track their trading activity, to profit from it or to simply avoid being on the losing side of a trade.

Over the past years and through many bull and bear cycles, cryptocurrencies with large market capitalizations like Bitcoin (BTC) have usually reacted in direction of major trends when crypto whales have been in action.

While some meme crypto tokens like Dogecoin (DOGE) or SuperDoge (SUPDOG) can fluctuate wildly when crypto whales are in action, these large investors exert a considerable influence on the price by means of their trading volumes.

This makes it important for retail crypto investors to track the largest wallets and stay abreast of major changes in their holdings so as to align their trading strategy accordingly.

Thankfully, there are dedicated crypto websites such as Watcher.Guru that offer crypto whale tracking services along with a host of other analytics to guide the average crypto investor.

Providing unparalleled coverage of automated cryptocurrency whale tracking, this site also allows community users to vote for their favorite tokens and