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.
Early investors with the huge amounts of money to spare mostly rich investors in other markets made a shift to Cryptocurrency like Elon Musk, of course, they are not going to expose themselves and they will just play the market and continue to make money or they are early investors of a project with good potential, you can't be a whale if you're not a developer or you do not have money to invest.
Yes, that's correct. But at least we can feel to get big profits if we can find out what coins those rich investors bought and we have a good coin for example, the case of Dogecoin yesterday.
Many people bought Dogecoin because Elon tweeted, and it turns out that Dogecoin can indeed go up high, and many people don't expect it. We may never be the whale with a lot of money, but we can have money if we invest in the right coins. And we will never know who the big investors are because they will not expose themselves to the public.