What are Hive's Top HP holders up to?
This is a follow up post to last year in which we saw that only 4 people held almost 25% of HP. While this hasn't much changed almost one year later, there are still many interesting changes that have taken place within the top 20 spots. First of all, instead of having around a total of 160M HP we now have 183M HP as well at a total of 409M Hive.
The 20 Spots
They have been changing quite a bit throughout the last 10 months. 11 of the 20 spots have seen a change in ranking and many of the whales have seen a significant growth or decrease in their HP.
As you can see we have two new comers as well: @steempty and @smooth have joined the top 20 whales (I don't have the names of the two whales that dropped out of this list). @themarkymark @trafalgar @altleft and @gtg have all increased their spots and @adm @xeldal @elmerlin @roadscape and @pharesim have lost some spots.
But again, the overall change in HP for the top 20 hasn't really changed noticeably (here it is shown for ranks 1-18): it has dropped by only a bit more than 1.5% points.
Our whales are small fish?
In the bigger context when liquid Hive is included especially from the exchanges, our HP whales on chain are actually all quite small (with the exception of the top 5 or so). Upbit is now holding over 130M Hive and it's clear that there have to be some "giga whales" on there. The millions of Hive (power) that is being held on chain is quite frequently being exchanged in only a couple of hours when the Koreans decide to pump and dump Hive. But even on a normal day we have millions of Hive being traded on that exchange alone (and Binance is now up to almost 1.5M daily volume).
Our whales seem to be mostly "good guys"
It's getting a bit much to cramp everything in one post, so I decided to make this a two parter. In the next analysis I will show that although most whales here have likely sold some of their stake, this has a fairly low impact overall with only 2 whales having significantly decreased their stake.
Stay tuned!
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