Firstly, who are the whales?
In the world of bitcoin, there are institutional investors and there are whales. Institutional investors such as Goldman Sachs are becoming significant crypto investors, but whales have been here since the beginning of digital currency, especially in bitcoin. But who are they?
The whale metaphor holds well — these are the largest hodlers (holders, in bitcoin-speak) of BTC, and most of them surface from time to time.
The most famous whale is one you’re not likely to see, or at least not know it if you do.
Whales will be mentioned particularly often when bitcoin prices drop sharply, especially before an explanation for the decline can be determined. True or not, whales are often accused of market manipulation as well. Because the market capitalization of the digital space is still relatively small, a large-scale move on a cryptocurrency exchange would move the market downward significantly.
So I can say whales holds the future of steem.