Whale Purchases Make Waves in Crypto Payroll: What You Need to Know
Whales, those who hold vast amounts of crypto, can shake things up in the market. A recent purchase of 5,678 ETH for $16.95 million marks a new trading phase. But what does this mean for crypto payroll platforms? Well, let’s dive into the details and see how it all connects to crypto payments and payroll management.
Whale Purchases and Market Liquidity
When whales make a move, it can pump the liquidity available to crypto payroll platforms. This influx of tokens can mean less price impact when converting crypto into fiat or stablecoins. So when a whale buys crypto and puts those tokens on exchanges, they raise the available sell liquidity that payroll platforms can use. This makes conversions easier and less costly in terms of…
