Shark Wallets, in the cryptocurrency domain, refer to addresses holding exceptionally large quantities of a specific digital asset, often acquired at low prices. These entities are perceived as having significant market influence due to the size of their holdings. Their trading activities can potentially impact asset prices.
Context
The activities of shark wallets are a constant subject of analysis in cryptocurrency market reporting. News outlets frequently track the movements of these large holders, interpreting their transactions as potential indicators of market sentiment or impending price shifts. The concentration of assets in such wallets raises ongoing discussions about market decentralization and potential manipulation.
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