Whale
By CoinGecko | Updated on Mar 03, 2020
A term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market. *see Fish/Minnow and Dolphin.
Related Terms
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names.
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
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