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Large cryptocurrency holders are called whales because whales are very large compared to the smaller fish in the cryptocurrency ocean. According to BitInfoCharts, four bitcoin wallets owned 3.49% of all the bitcoin in circulation in May 2022, and the top 100 wallets held around 15.36% of all bitcoin.
Dogecoin, a meme coin that became popular, is even more centralized. In May 2022, 15 addresses accounted for nearly 52% of Dogecoin, more than 29.5 billion coins.
These large accounts are closely monitored by the crypto community and investors. If any of the top 100 wallets make transactions, they are publicly announced via the Whale Alert.
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"If you’re looking for a unique destination in Norway"
Get more value for your advertising money with the top business directory platform. Create free account now! Get more leads, track your customer pipeline, and close more deals and sales faster. Find what you search! - Professional industry and manufacturing directory - Forexmarket.site is delivering over 4 million unique visitors from organic and paid web traffic sources such as Google ads and other paid advertising networks everyday. Search forexmarket.site directory, covering millions of industry products.
Don't miss out to read our latest politics e-book, about the most powerful woman in politics, a series of best political leader biographies:
The Biography of Angela Merkel - Something About Great Leadership. 
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