Do Whales Have Diamond Hands?

    Osmosis Bounties

    Question

    Does the swap behavior of OSMO whales differ from everyday users? How does it differ? Create visuals showing what whales swap to and from compared to a normal Osmosis user.

    Methodology

    • In this dashboard, addresses that have sold more than 2 million OSMOs so far are considered OSMO whales.
    • In this dashboard, users who have sold a total of less than 10K OSMO are considered normal OSMO users.

    Data Analysis

    The chart below shows the number of different currency purchases for each whale.

    • As the chart below shows, with the exception of a few whales, most whales target a particular currency and buy them. According to the chart below, it is clear that the number of OSMO currency purchases by whales has been high.
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    The chart below shows the Currencies desired by the Whales.

    • About 85% of whale purchases are related to OSMO and ATOM.

    Unlike whales, where about 75% of their transactions are OSMO purchases, only 15% of normal OSMO user transactions are related to OSMO purchases. On the other hand, 25% of normal OSMO user transactions are related to ATOM purchases.

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    The chart above shows that some of these whales are important actors for OSMO. The only currency that some of them have bought is OSMO. Note that we also selected OSMO whales from among the users who sold the most OSMO. So these whales only trade OSMO. In other words, they are a single currency holder.

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    The chart below shows the distribution of currencies purchased by normal OSMO users.