A dolphin, in the context of cryptocurrency investing, refers to an investor who falls between small investors (minnows or fish) and large investors (whales) in terms of the size of their holdings.
Dolphins have larger holdings than small investors but have not yet reached the level of significant holdings that characterize whales.
While dolphins are not among the smallest players in the crypto market, they are still considered to be in a mid-range position.
Noteworthy Players in the Market
In comparison to dolphins or minnows, the activities of crypto whales often attract significant attention from the crypto community.
Crypto whales are known for making large transactions, particularly on the Bitcoin blockchain.