Solana-51.MonkeDAO Whale Voters

    -- A month ago, the MonkeDAO pressed the Solana Monkey Business team for various changes to be made to the royalty and NFT structure to foster growth for the collection. Ultimately this resulted in the first NFT on-chain vote on Solana to accept or reject the SMB team's proposal, with a 'no' likely resulting in a separation of the two groups. In the end, the MonkeDAO voted to unify with the SMB team and to grow their relationship together.

    Methdology

    • Find all the transactions for proposals.
    CASE instructions[0]:accounts[6]
          WHEN 'BD9XQhU1DXA9V4GLdgTq7xdQY5UBnShfq4caTSEL9Lr' THEN 'proposal-1'
          WHEN 'EkugdcWDJD1zcmfYgPbC7PcqjMnQkNWMLSCJxmtLgztv' THEN 'proposal-2'
          WHEN 'GGKCaPonSGvyXas2uxUdBea2Gsa9X5RK91iN6Xu2V7v9' THEN 'proposal-3'
       END as proposal,
    
    • Find the vote for each proposal, yes or no
     CASE 
         WHEN instructions[0]:"data" in ('Yjf5DvKUCfa2bPkYz4AiWs','YrpUV6EMK2i4BLkLvFxTRH', 'YyyskG9ERPr5mHk8rTkCKh') THEN 'yes'
         WHEN instructions[0]:"data" in ('Yjf5DvKUCfa2Rh5YBEg7FM','YrpUV6EMK2i41e5L7STr9m','YyyskG9ERPr5bb583eFb4B') THEN 'no'
       END as vote,
    
    • Join with SMB mints to find the SMB holders.

    Break down the voting behavior for the first three proposals by the following

    Number of monkes per wallet (1 SMB, 2-3 SMBs, 4+ SMBs)

    • Given below is the list of all the voters, with the number of votes and the vote and number of SMBs
    • For Proposal-1 Most of the Voters had 1 SMB, followed by 2 and 3 SMB, some had 4 and 5 SMBs.
    • For Proposal-2 Most of the Voters had 1 SMB, followed by 2 and 3 SMB.
    • For Proposal-3 Most of the Voters had only 1 SMB, followed by 2 SMB.
    Loading...
    Loading...
    Loading...

    Are there any patterns that you see based on number of SMBs used to vote in a wallet? Why do you think ""whales"" voted the way that they did?

    • There seem to some patterns that emerge looking at the couple of charts below.
    • Whales with 4-5 SMBs vote only for proposal-1 which is the Accept SMB proposal.
    • Most of the whales voted yes for proposal-1.
    • For Proposal-2 and Proposal-3, there are overall less voters.
    Loading...
    Loading...