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What Is a ‘Whale’ in the Context of Token Distribution and Governance?

A 'whale' is an individual or entity that holds a very large percentage of a cryptocurrency's total supply. In governance, whales possess disproportionate voting power, allowing them to potentially sway or dictate the outcome of proposals.

This concentration of power poses a risk to decentralization and can lead to decisions that benefit the whale over the broader community.

What Is a “Whale” in the Context of Cryptocurrency Trading?
How Can Quadratic Voting Be Applied to DAO Governance to Counter Whale Influence?
What Is the Risk of Voting Power Centralization If Large Holders Acquire a Majority of Governance Tokens?
What Is the Risk of ‘Whale’ Concentration in Governance Token Distribution?