What is Whales Market? It is an opportunity for the next-generation decentralized OTC trading platform, offering a secure, transparent, and efficient environment for large-scale over-the-counter transactions.

In the OTC trading sector of the cryptocurrency market, trust issues have always been a core challenge for traders. In the past, users relying on social groups and private communications to trade non-liquid assets such as airdrop allocations, points, and whitelists faced significant risks of fraud and asset delivery failures.

As of February 2, 2026, the native token WHALES of Whales Market is priced at approximately $0.0176, with a trading volume of $5,000 in the past 24 hours, and a market capitalization maintained around $4.6 million.

01 Core Platform: Solving the Trust Problem in OTC Trading

Whales Market is essentially a decentralized over-the-counter (OTC) trading platform focused on addressing the trading difficulties of non-liquid assets in the cryptocurrency market. Unlike traditional OTC methods, Whales Market leverages smart contract technology to create a secure trading environment that requires no trust in third parties.

In the crypto space, many assets such as airdrop allocations, project points, and whitelists lack liquidity markets. Traditional trading relies on social groups and private agreements, lacking security guarantees. Whales Market’s solution is to establish a unified platform enabling buyers and sellers to conduct on-chain transactions based on consensus.

Funds are locked in smart contracts and only released to the relevant parties upon successful completion of the trade. This mechanism not only simplifies the trading process but also significantly reduces the risk of financial losses caused by fraud.

Whales Market was developed by the LootBot team, initially created during the summer of 2023 when Telegram bots gained popularity. After success with LootBot, the team decided to build a more ambitious and complex product — Whales Market.

02 Market Segmentation: Analysis of Three Core Trading Scenarios

Whales Market primarily supports three types of markets: Pre-Launch Market, OTC Market, and Points Market, each designed for specific trading needs.

In the pre-launch market, users can trade allocations of tokens that have not yet been officially issued. The core mechanism relies on a collateral system, where sellers lock assets as collateral to ensure delivery to buyers once the project team releases the tokens.

If the seller fails to fulfill the order, their collateral is transferred as compensation to the buyer. Users can create their own buy/sell offers or accept others’ offers to trade.

The OTC market focuses on peer-to-peer trading of issued tokens and NFTs. To ensure user safety, Whales Market maintains a verified list of tokens, which have at least $300,000 liquidity in their largest DEX liquidity pools.

For offer privacy, Whales Market has introduced a new feature allowing traders to share private offers via dedicated links. These private offers do not appear in the public market.

The Points Market supports peer-to-peer secure trading of project points. As more projects adopt a “points system,” demand for this market continues to grow. Whales Market facilitates on-chain trades with smart contracts, and automatically converts points into corresponding tokens after issuance.

03 Token Economics: Distribution Mechanism and Value Capture of WHALES

The Whales Market ecosystem revolves around its native token $WHALES, with a total supply of 100,000,000 tokens. The token distribution design considers ecosystem sustainability and participant incentives.

The distribution plan includes: 65% for incentives (linear release over 4 years), 9.5% to the team (9-month lock-up, then linear release over 36 months), 7.5% for the token generation event, 7% for private sales, 5% for airdrops, 5% for marketing, and 1% for security.

The platform earns revenue through fees collected in the OTC market, with 60% allocated to WHALES stakers. When users stake WHALES, they receive xWHALES rewards, enabling them to earn a share of the revenue and act as collateral across all OTC markets.

04 Risk Considerations: Key Factors Traders Should Be Aware Of

Although Whales Market significantly reduces trading risks through smart contracts, there are still some factors users need to be cautious about.

Points trading carries specific risks: Orders must be set in advance, but the final conversion rate of points to tokens will only be announced at the Token Generation Event (TGE). This could result in the value of points exceeding the final tokens received, potentially disadvantaging sellers.

In the pre-launch market, both buyers and sellers must wait until the TGE to settle or cancel orders. Once the TGE occurs and the project releases tokens, a 24-hour countdown for settlement begins.

If sellers fail to settle in time, their collateral is forfeited and transferred to the buyer.

For OTC trades involving unverified tokens, the platform displays warning signs prompting users to verify the minting address before proceeding. While this enhances security, it also requires users to have some token verification capability.

Future Outlook

As of February 2, 2026, the circulating supply of WHALES is 26.03 million, with a maximum supply of 100 million, and market sentiment remains neutral.

Whales Market is building a safer, more efficient environment for trading non-liquid assets in cryptocurrency. It is not just a trading platform but a bridge connecting project teams, investors, and early participants.