Probably, the largest PAL holder is 
For a thought experiment, a moderator can spend 1400 Steem to buy 20K PAL to become an ORCA at current price of 0.07 Steem for one PAL. At 41 cents a Steem, it will take only $575 to become an ORCA for a moderator.
However, if someone wants to be an ORCA from scratch then, it will take $1435 or 3500 Steem. If we compare to Steem ecosystem, one need less than dolphin amount of Steem (i.e. 5000 Steem) to become an ORCA in 
Will many 
Still there is an issue with liquidity. According to current volume, buying 100 PAL is OK. But buying 1000 or 10K PAL will cause huge slippage cost. Therefore, a die-heart attempt to buy 10K PAL will disturb the current market. Even the market price can go to 2X. However, volume may become higher once more claims are taken place and payouts in PAL get started.
So, ASKpalnet who you predict be the first ORCA? It looks like
Now, the million dollar question who will be the first PAL whale? Or, is it even possible to be a PAL whale due to fair distribution or low volume. There is a huge sell wall where a rich investor can switch 500K Steem for 500K PAL. For now, it looks very unlikely. Therefore, ORCAs will be the new whales of PALNET sea.
Thanks to 
