All in all, in this dashboard we went through some rough classifications of users on Terra based on the size of their account and were able to drill down into how the blue whales of Terra have interacted with LUNA, Mirror, and Anchor. It does look like they know what they are doing and they are blue whales for a reason!

Looks like there are some bugs around turning charts to log-scale but nonetheless let's talk about what the charts tell us. It looks like there is a wayward MIR, ANC mint contract interaction here (possibly because one/some of our whales are terraform lab wallets?). But we can still find a number of interesting things our blue whales do:

• They seem to hold both mBTC and mETH on Terra and actively trade them (4th and 7th entry in our tables)
• They also seem to engage heavily in meme stonks like the rest of the world both via minting of mGME and mAMC, and also providing liquidity to them (these are the 5th, 6th, 8th and 10th most active transactions in our table). Vlad from Robinhood would be proud!
• Lastly, as would be expected they haven't interacted nearly as much with Anchor as with Mirror due to Anchor being significantly newer but also just that in a bull market like we were in the first half of 2021, people are not incentivised to save. There have still been several hundred transactions with the Anchor Money Market contracts and the bLUNA contracts.

To me, it looks like most whales prefer to stake their LUNA with the green bars looking much taller than their blue counterparts for the most part. Some smaller whales and one of the larger whales do like having liquid LUNA though. All in all, staking the most basic reward accrual mechanism on Terra seems to be well-utilised by whales with most taking part in staking (~21 or stake according to this data).

Okay, now let's look at what else they might do on terra by taking a count of transactions of each type of this set of blue whale wallets:

Looks like they all like holding money in LUNA, with the vast majority ~90% of whale holdings in LUNA. That means that as of today where the FDV of LUNA is ~5.8 billion these whales account for 1 billion+ LUNA (including some wallets that probably belong to Terraform Labs and its employees).

Now the simplest transaction these whales can partake in is staking. Let's see if they do that:

Okay, now we know who they are let's take a look at their holdings and how they like their $$$$:

From the looks of things, the top 39 accounts (which we will refer to as blue whales for the rest of this dashboard) of Terra hold over 10M in assets each and those are the big bois and girls that we'd be paying most of our attention to in this dashboard. Their addresses are:

Interestingly, there seems to a drop-off in medium-size whales but the big whales are almost as high in number as the small ones.

Next we look into the big whales:

As we'd expect the number of accounts with progressively larger sizes goes down pretty quickly. There are over 4000 crabs in the Terra Ecosystem with the number falling to 1500 for sharks and only 605 for whales. Now, let's drill down another level into whales with the following classification:

Small Whale -> >= 250k and < 500k

Medium Whale -> >= 500k and < 1M

Large Whale -> >= 1M

Let's start off with a simple demarcation of accounts and then drill-down into the whales. We start by looking at all accounts with >10k USD total in their addresses (using daily_balances) either liquid or staked. We define account types as:

1. crab -> >= 10k to < 50k USD

2. shark -> >= 50k to < 250k USD

3. whale -> >= 250k