An NFT whale refers to a person or entity that holds a significant number of non-fungible tokens (NFTs) or has invested a large amount of money into them. These individuals often have substantial influence on the market due to their ownership of rare or valuable digital assets.NFT whales can impact prices and trends by buying or selling large quantities of NFTs. When they make significant moves, it can create ripple effects, leading to price fluctuations for certain collections. These whales are often seen as key players in the space, participating in auctions, collaborations, and community events. Their activities can attract attention, potentially generating hype around specific NFTs or collections. As a result, they play a crucial role in shaping the landscape of the NFT market. Many collectors and investors monitor the behavior of these whales to gauge market sentiment and make informed decisions about their own investments.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to