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Whale Alert, the encrypted "gatekeeper" who has crossed bull and bear several times

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Whale Alert's vision is to create more transparency.

Recently, in addition to Bitcoin and Ethereum breaking new highs in the past two years, Ripple (XRP), another mainstream currency, performed equally well: after more than a year of sideways trading , XRP rose more than 200% in just a few days, breaking through $0.79 at one point, and on November 24, it caused Coinbase to shut down.

Facing the crazy rise, some people are eager to enter There are also some investors who are relatively rational. Although Ripple officially stated that it bought back XRP worth 45.55 million US dollars in the third quarter of this year, it also sold a lot of XRP. Whale Alert was one of the first analysis agencies to reveal in detail the specific amount of XRP held by Ripple co-founder and former CTO Jed McCaleb, as well as the large amount of XRP sold to the market.

As an overseas analysis company that specializes in tracking on-chain data, everyone’s understanding of Whale Alert may still be limited to Twitter’s well-known encryption Big V, but in fact, this institution, founded in 2017 when IC0 was the hottest, has gone through bull and bear several times, but it is still active in the encryption market.

Whether it is monitoring USDT or large transfers, Whale Alert is still It is the most intuitive tool for ordinary users to obtain data changes on the chain. In addition to providing free warnings on Twitter, what other unknown information does Whale Alert have? The following is the relevant information on the external network summarized by Rhythm. After reading this article, you may have a more comprehensive understanding of this giant whale alerter .

Create the original intention

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Back in 2017, Whale Alert founders Frank and Mark noticed a lack of trading tools on the market and launched a social media monitor that tracks YouTube and Reddit posts about cryptocurrencies (the information helps predict price rises, but is too mixed for a human to quickly find information that predicts price rises, falls).

At first, Whale Alert was just a simple BTC and ETH tracker , only used within the team, but because the EOS development team was once again monitored to transfer a large amount of ETH, after the team announced the news and attracted widespread attention from investors, the team found that investors need such information, so they decided to share it with the community, In the subsequent continuous monitoring, Whale Alert gradually established its influence.

The reason why a data monitoring data is trusted is inseparable from its own positioning.

Frank said in an interview with the media that people need to realize Privacy is already a very rare commodity, with companies like Facebook and Google collecting all they can. But in the current economic system, privacy is often on the side of the rich and powerful, and the purpose of Whale Alert is to eliminate the advantages of this group of people (such as Jed McCaleb above) over ordinary users.

And only after knowing all the implications about decentralization, Only then can we really know what holding cryptocurrency means to ordinary people. Whale Alert is a tool dedicated to narrowing the gap between the powerful and ordinary people. Therefore, it targets crypto whales. The team's definition of a whale is simple: people who can use what they own to create price fluctuations.

The "person" in this definition can be high net worth An individual, or a company like Xapo with a large amount of crypto assets, or a crypto exchange that moves large amounts of money from one wallet to another.

About the product

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Indeed, when Whale Alert first appeared, the encryption market was still in a relatively early stage, and some famous YouTubers could have a huge impact on the market, because Thousands of people are watching their operations and trends. These users have a great influence on the price, and the warning system about this kind of information is very effective, but after two or three years of development, the situation has changed.

The team believes that on-chain tracking service companies like Whale Alert The reason why it is important is that "knowing where the tokens are going is a good way to predict potential volatility", it helps people understand why things happen, and it also reminds people of what the market looks like.

For example, who owns Bitcoin, who owns ETH or XRP, the most Importantly, if people were better informed, market volatility should be much lower. "Volatility is good for some people, but for blockchain as a whole, it doesn't really help people adopt it."

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In the early days, Whale Alert focused on the threshold of transferring encrypted assets starting at 5 million US dollars, but later this number increased to 50 million US dollars, "as the price We had to change the definition of "whale transfer"."

Now, under the banner of cryptocurrency and blockchain There are many MLM activities, which has also led to the fact that many people's awareness of the blockchain is still a scam. To some extent, even issues such as money laundering are "only a small part of the information revealed by the data on the entire cryptocurrency chain", and "it is very important to strike a balance between decentralization and supervision."

Collecting and organizing data on the chain requires a lot of expertise and computers , Whale Alert has more than 40 servers to collect all the data, while also constantly upgrading the system. People are increasingly involved in encrypted transactions, which means that the relevant data is also becoming more and more complicated.

Frank revealed that, in addition to the Where to go, they are also paying attention to the transparency of data on the chain, such as all donations to Binance, "let people know where their money will actually be used, so as to achieve the transparency of the promise... nothing can escape Whale Alert Watch.”

It is understood that in addition to tweeting other To track the situation, Whale Alert also sells the data to professional or amateur traders. Whale Alert's vision is to create more transparency.

“It’s hard to tell what’s going on in the world right now, the flow of the market How, who is moving the money where... We need technology like blockchain to increase transparency, and Whale Alert has the potential to be a center of transparency."