One constant narrative is that the 'whales' manipulate the cryptocurrency market.
It is possible, but is it true? Maybe not..
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The 32 biggest whales hold 1 million of the approximately 17 million Bitcoins mined to date. The biggest holds more than 85,000 Bitcoins.
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That is a lot of bitcoin.
It seems the narrative is false. So common.
The bitcoin whales are buyers, not sellers. This should come as no surprise. That is why the distribution is still, overall, not great in bitcoin.
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I read earlier that this narrative is not true, but just an assumption.
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Well I can tell you they aren't mine, lol.
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