1/ The visuals below show the $FEI distributed to genesis holders compared to what was in their wallets 1-week post-launch.
64% of @feiprotocol genesis holders no longer held any of their position within the first week. Read more below. 👇👇
64% of @feiprotocol genesis holders no longer held any of their position within the first week. Read more below. 👇👇
2/ Similar story for TRIBE. 52% of genesis holders no longer had any in their wallets within a week.
There are some interesting outliers in both charts and we will dissect those soon through our long form counterpart @AlphaResponseHQ. For now, what are your thoughts on them?
There are some interesting outliers in both charts and we will dissect those soon through our long form counterpart @AlphaResponseHQ. For now, what are your thoughts on them?
3/ This chart breaks it down by wallet size groupings (see down below for the legend).
There are many places this $FEI and $TRIBE could have gone (staking probably, maybe selling).
Really interesting to see that the largest whales actually didn't move much $FEI though.
There are many places this $FEI and $TRIBE could have gone (staking probably, maybe selling).
Really interesting to see that the largest whales actually didn't move much $FEI though.
3/ For some context:
Yesterday and the day before, we looked at who contributed to the @feiprotocol genesis event. Today we look at what they received and what they were holding 1-week post-launch.
Tomorrow we will look at where that difference went.
Yesterday and the day before, we looked at who contributed to the @feiprotocol genesis event. Today we look at what they received and what they were holding 1-week post-launch.
Tomorrow we will look at where that difference went.
4/ The $FEI genesis event let you select what ratio of FEI/TRIBE that you wanted. We decided to break that ratio down by wallet size.
Interestingly, and understandably, the whales redeemed about 2x the $FEI per $TRIBE compared to the regular folk.
Interestingly, and understandably, the whales redeemed about 2x the $FEI per $TRIBE compared to the regular folk.
5/ This chart is not great for any trend analysis because the axes are different, but it is helpful to see exactly how much each wallet-size received. It mostly just contextualizes the rest of the analysis.
6/ Here is the legend to go along with the above charts.
7/ This is a bit of a longer analysis than the usual #AlphaAlarm but it isn't finished yet. We still need to look at exactly where all of this $FEI and $TRIBE went...
Feel free to chime in and leave your thoughts.
More to come.
Feel free to chime in and leave your thoughts.
More to come.
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