I exported the state of the current wallet balances from Etherscan and thought I would share some observations. This data-set excludes the largest wallet (which seems to be held by the CVP team for distributing). As of writing this, there are 3697 address who hold a combined 5,160,022 tokens between them. This makes me think some of the alpha testers have sold their assets. We will shortly see why. But to begin with, these are the largest wallets in CVP today. Barely six of them with any meaningful holding outside the team’s wallet
Now if we exclude those large wallets and see how many people hold tokens in the 10k-100k range, we will see that a number of alpha testers have likely cashed in their tokens (their choice) - but there are 42 addresses with around 50k tokens each. The rest of the count is quite small which makes me think whale concentration in CVP is quite low as of today
Having that said - it seems like there is a very large base of LPs on the network today. There are over 2266 addresses that hold less than 100 tokens. When we consider the numbers between balances of 100-1000, you can see that a number of large whales have already been mining on the network (or buying and holding)
I understand this is not exactly much data. One way to go deeper is to study the on-chain transactions and get an idea of what is going on. Happy to do it if there is interest in that kind of analysis. But my key take aways are
- Those receiving vesting tokens are not all entirely selling (17 addresses with sub 10k tokens)
- 2.6k+ liquidity providers who will likely receive larger number of tokens in the days to come
- Barely about 6 addresses with 100k+ in balances. The whales are barely here. Accumulation is likely going on in exchanges and we will know when they move it to cold storage
- Its still day 1. CVP is barely in its full form
Exciting to see what lies ahead.