A snapshot of the last 6 hours, refreshed every 30 minutes. A free account (no card) gets every coin live. Pro ($29/mo) adds the full history, price after each trade and 50 alerts.
A trade that is big for its coin, executed on one of 15 exchanges (Binance, Bybit, OKX, Coinbase, Kraken, BitMEX and more). Big means $500K+ on BTC, $1M+ on ETH, and on every other coin 0.05% of what it trades in a typical day, from $25K up to $400K. A quiet coin still shows its big trades.
Every row is an executed trade with a direction and a price, not a wallet transfer. The live whale feed shows them as they happen, and each coin terminal puts them next to the combined order book, funding and liquidations.