What Is HODL?

HODL (Hold On for Dear Life) is a crypto strategy of holding assets through volatility without selling, based on long-term conviction. The term originated from a misspelling of "hold" in a 2013 Bitcoin forum post and became crypto culture. From a whale tracking perspective, HODL behavior is identified by wallets that consistently accumulate and never sell, even during crashes. Sonar Tracker identifies HODL whale wallets by their long-term holding patterns and classifies them separately from active trading wallets, providing insight into the conviction level of large holders.