The Top 100 richest bitcoin addresses of Bitcoin Whales have different BTC distribution. Thus, providing for documentation of the Bitcoin-rich list. The first in and last in details are available. And there are some wallets where nothing has been moved for over 5 years.

Satoshi Nakamoto, the man who created Bitcoin is the top owner of 1 million Bitcoin. He is the owner of nearly 5% of all Bitcoin.

Micree Zhan the Co-founder of Bitcoin Mining Company, Bitmain Technologies is rumored to own the second-largest amount of Bitcoin. Chris Larsen CEO of Ripple and Changpeng Zhao are also on the list.

Being a Bitcoin whale means holding enough Bitcoin to be able to move the market. Thus, when a whale buys, sells, or reallocates funds, there is a substantial impact on investor sentiments. With increasing numbers of Altcoins in the market, it is not uncommon to see these whales move their shares to other altcoins.

Whale Alert is one of the most advanced blockchain tracker and analytics systems that keep reporting large and interesting transactions.

Other noteworthy examples of well-known whales include Pantera Capital and Fortress Investment Group.

There are two ways in which whales manipulate cryptocurrency: 1. Creating a Sell Wall Effect, 2. Capitalizing on the FOMO.

When creating the sell wall effect, whales place a large order to sell a large portion of their crypto tokens. They can tag a lower price for the tokens than the rest of the market, thus triggering a lower selling price. This leads to volatility and eventually, the rest of the market will have to sell it for a lower price. This will create panic among holders who might eventually sell their tokens for a lower price. Thus, whales have manipulative power.

Whales Capitalize on FOMO (Fear of Missing Out): In contrast, to the “sell the wall” effect, whales often artificially inflate the price of tokens by placing large purchase orders. They create the option for cryptocurrency tokens, thus forcing people to raise their bids. In doing so, they also attract the attention of other investors who fear losing a large, lucrative contract.

As the demand for tokens has increased, whales have the advantage of being able to sell some of their tokens for a good profit. In essence, whales create a Ripple effect, which will, in turn, affect investors of a particular token. By raising and lowering prices, they can manipulate the market to their advantage. As crypto traders, you need to pay proper attention to the movement of the whales.

You can do so by tracking high-value accounts of crypto tokens, following whale alerts on Twitter and other social media sites, subscribing to analytics sites that track crypto prices on your behalf and engaging in blockchain analysis.

Many factors contribute to the volatility of cryptocurrency. Whales are a notable element. To make sure you are trading profitably, be sure to factor in the whales in your buying and selling decisions.