Terra Whales
Colloquial usage of the term 'whale' refers to anyone who can easily disrupt or shift markets through transactions alone. Some may remember bitcoin's crash when an early adopter made a large withdrawal. Whales can be individuals, institutions, etc. as long as they're capable of moving the market. We consider a Terra whale to be a person or institution that holds at least .1% of total terra TVL. I would've done 1%, but that's all administrative accounts for hubs and stuff like binance's hot wallet. We can easily calculate terra TVL by summing up the daily balances in USD. This is 11524384973, about 11.5 billion dollars.