what is considered a whale in crypto?

Why is the term "whale" used in crypto circles, is it a reference to some category of crypto investors?

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@mercury01 - 2 months ago

Crypto whales are investors who bought and hold a significant amount of crypto (I would say from 100,000 units of crypto and above) such that if they decide to dump the impact would be massively felt in the market. I hear Chanpeng Zhao or "CZ" of Binance is one of the Bitcoin whales.

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@okoluh7008 - 2 months ago

In crypto, a whale is an individual or entity that holds a large amount of a specific cryptocurrency, enough to significantly influence the market through their trades. I recently began trading