Whale transfers in the crypto market can still impact prices, but their influence has diminished. Large transfers to exchanges often signal potential selling pressure, sparking short-term volatility, as seen with a $3M ETH transfer in April 2025. However, markets have grown more resilient due to increased liquidity and institutional participation. XRP’s 5% rise despite 2.66M token inflows to Binance in December 2024 shows whale moves don’t always trigger declines. Strategic repositioning or custodial shifts, like a 2,000 BTC transfer in November 2024, may not indicate immediate dumping. Traders monitor whale activity for hints of market shifts, but deep learning and broader data are needed to predict extreme volatility, not just transfer alerts. Whales can also manipulate perceptions with large moves. Overall, while whale transfers can cause ripples, their ability to single-handedly crash or pump prices has waned in a more mature market.