STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 11/30/2018
I last reported the numbers in a post that covered through August 31, 2018.
Each month I monitor what is going on with new accounts and the amount of MVests in each category. I do this to determine what trends are taking place.
Now that we are at end of month, time to post the numbers again.
I want to thank @arcange for the work done each day compiling these numbers and making the charts.
We have 3 months worth of data for analysis purposes to see how the 90 trend might be.
The first chart is from August of 2017, the month I started on Steem. It is placed here to provide some contrast to see how things are changing over a longer period of time.
Here is the breakdown.
8/1/2017
The total MVests here is 336,932.
On a percentage basis:
Whales 75.44%
Orcas 14.86%
Dolphins 7.16%
Minnows 2.14%
Red Fish .01%
Inactive .40%
9/30/2018
The total MVests here is 395,784
On a percentage basis:
Whales 59.42%
Orcas 18.28%
Dolphins 12.35%
Minnows 6.48%
Red Fish 1.24%
Inactive 2.21%
The change over that time period is as such:
Whales -.8%
Orcas +.38%
Dolphins +2.49%
Minnows +1.35%
Red Fish -.8%
Inactive +.91%
10/31/2018
The total MVests here is 399,042
On a percentage basis:
Whales 58.86%
Orcas 18.69%
Dolphins 12.55%
Minnows 6.46%
Red Fish 1.19%
Inactive 2.25%
The change over that time period is as such:
Whales -.13%
Orcas +3.08%
Dolphins +2.45%
Minnows +.39%
Red Fish -3.76%
Inactive +2.49%
11/30/2018
The total MVests here is 405,801
On a percentage basis:
Whales 57.96%
Orcas 19.30%
Dolphins 12.82%
Minnows 6.54%
Red Fish 1.13%
Inactive 2.26%
The change over that time period is as such:
Whales +.13%
Orcas +4.98%
Dolphins +3.72%
Minnows +2.97%
Red Fish -3.19%
Inactive +2.03%
Latest charts found in this post:
https://busy.org/@arcange/steemit-statistics-20181130-en
So what does this all tell us?
To start: The system is working as designed.
The Whales are losing power.
This month the Orcas, Dolphins, and Minows were the winners. Orcas really saw their accounts jump coming in just shy of 5%. I attribute this to the fact that the price of STEEM dropped and many people were buying. This allowed all three categories to add a nice percentage gain.
There are now 11,237 accounts who qualify as either Dolphin or Minnow. It was only a few months back when the total accounts above the approximate 500 SP (level to be a Minnow) was under 10K.
On September 30, 2018, the Whales and Orcas had 307,559 MVests (77.70% of the total); on October 31, 2018, 309,485 MVests (77.55% of the total)...a decrease of .19%....On November 30, 2018, 313,518 MVests (77.25% of the total)...an decrease of .39%.
It is important to remember these numbers are owned SP. This is not delegated. Since @steemhunt came into being, a lot of SP was delegated so it is equivalent to a Whale yet does not register as such. This is vital since that SP is used to upvote content by the members who post on that application. Ergo, we have a Whale (equivalent) upvoting smaller accounts.
In conclusion, the numbers are changing over time. It might not be happening as fast as some like but it is taking place. Continual working of the system does yield dividends.
If you found this article informative, please give an upvote and resteem.
This is a good thing for the Steem blockchain for sure!
I'm still not sure if I want to buy now, or later...
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STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
Thank you so much for participating the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Thanks for providing this info. It is appreciated.
Thank you @taskmaster4450 for this data over time and hopefully the shift continues! There are a few Steemians and I believe even yourself that say it's the best time for those in a lower rank to move up a rank due to the low prices. I already did, but hoping to move closer to being a Dolphin 😊
Posted using Partiko Android
Interesting to see how red fish have moved over to the minnow column rather quickly! We may be seeing more take advantage of the low prices as well as it is relatively cheap to become a minnow these days!
Posted using Partiko iOS
This is a great Time for all minnows to get some more Steem. Here is the great chance for everybody to get a serious peace of the Steem Cake for cheap...just do it and power up!
Posted using Partiko Android
The numbers give hope for smaller fish...
Posted using Partiko Android