Try Quests to earn FLOWWho's Got The Flow?
Introductionđźš©
What is Flow?
Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering.
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Who are Crypto Whales?
Cryptocurrency whales, or crypto whales, are individuals or entities that own large quantities of a specific cryptocurrency. Generally speaking, a crypto whale is an entity that holds enough digital currency to significantly influence market prices by trading significant amounts of coins and tokens.
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Method⚡
In this dashboard i take a look at FLOW holders by different angles and explore that who is holding the most FLOW among all users and how did change in 2022.
I Mainly used ==“flow.core.fact_events”== table for extracting the data from that and used ==“flow.core.fact_prices”== table too for calculating FLOW price. I gathered all this data from ==Flow.core== database provided by Flipsidecrypto.
Also i only considered successful transactions with tx_succeeded = 'TRUE'.
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Findingsđź‘€
- There are over 0.88B worth of $FLOW token is being held by 5.76M holders with an average of 153.8 $FLOW per wallet.
- FLOW’s price dropped almost 80% and went from 7$ to 1.3$ over time until now November 28th.
- FLOW experienced a huge decline on its price after April and fell of almost 50%.
- Over 99% of FLOW users (5.74M of 5.76M) are holding less than 1 $FLOW or less than 1$ worth of FLOW.
- We see that number of FLOW holders spiked on June with over 2.8M holders, 2.5M holders more than its last month (May).
- After Crypto downturn on April especially bitcoin, flow’s price also dropped with other tokens and users panic sold their assets and even helped more to tokens dropdown.
- Panic sell is a common thing in crypto trading, users got afraid of bitcoin dropdown on April and suddenly decided to sell their assets to prevent further damage.
- Monthly Average FLOW balances of flow users experienced some big fluctuations in last 5 months since July.
- In general, although number of $FLOW holders was bearish in 2022 but the number of FLOW that being held in wallets has increased over time, it shows that number of holders is decreasing and number of big holders is increasing, or in simple words whales(wallets with high $FLOW balances) are buying more and more over time.
- There is only a few number of whales out there (almost 130) but their wallets balances are so huge. I considered wallets with over 100000$ worth of $FLOW balances whales.
Findingsđź‘€
- As we expect, most users are holding less than 1 $FLOW on every month of 2022, but there were some slight changes recently on August and October. On almost every month of 2022 users with less than 1 $FLOW were accounting over 99% of all users but on August, October and January this number dropped under 90% and users started to hold more than 1 $FLOW in their wallets especially between 1 - 5 $FLOW per wallet.
- As we see, the FLOW staking contract with ==“0x8624b52f9ddcd04a”== wallet address is the biggest $FLOW holder of all time with over 627M worth of FLOW tokens and accounting over 76% of top 10 FLOW holders followed by ==“0x8f77d48caf93fd93”== wallet address with 91M $FLOW and 11.1% share between top 10 holders.
Conclusionđź’ˇ
- $FLOW price was bearish like rest of the market since the beginning of 2022 and dropped over 80% by far.
- Over 99% of FLOW users are holding less than 1 $FLOW and less than 1$ worth of FLOW tokens.
- There are over 0.88B worth of $FLOW token is being held by 5.76M holders with an average of 153.8 $FLOW per wallet.
- June had the highest number of FLOW holders of all time in 2022 with over 2.8M wallets.
- The monthly amount of FLOW that being held by wallets experienced a huge fall on April because of the market downturn.
- As we see, the FLOW staking contract with ==“0x8624b52f9ddcd04a”== wallet address is the biggest $FLOW holder of all time with over 627M worth of FLOW tokens and accounting over 76% of top 10 FLOW holders followed by ==“0x8f77d48caf93fd93”== wallet address with 91M $FLOW and 11.1% share between top 10 holders.
- Although number of FLOW holders has decreased since January, but wallets balances has increased over time.