What is OlympusDAO(OHM)?

The Olympus DAO (OHM) is a decentralised cryptocurrency protocol created to maintain a stable buying power while being driven by the market. Simply put, this stablecoin can maintain the market price without being matched at a 1:1 ratio to the dollar or any other fiat currency for that matter. In contrast to other stable coins on the market, the OHM is backed by DAI and FRAX units within the Olympus treasury. Therefore, it prevents the value from falling below the benchmark.

For more Information here

Metrics:

1. OlympusDAO Funds OHM Balance Over Time

2. Whale's OHM Balance Over Time

Methods:

In this dashboard I am going to look the Olympus Dao fund and one individual who has a massive amount of OHM tokens (whale). I will then access how both of there position's have changed over time and the discuss the implications of such.

Analysis:

In both graphs we can see that initially both addresses had large amounts of OHM but over time there position decreased greatly. For the OlympusDao fund they initially had roughly 300M in OHM this made it way all the way up to 350M but then went down sharply all the way to the current date where it is roughly 11M. The largest Whale that I could find holding OHM follows the same pattern the whale initially had nearly 2.5B in OHM which went up a little at first before going down sharply and staying under .5B OHM for the rest of the time into the current day. It seems that large holders of OHM have only been decreasing there positions in OHM over time. The whale has no connection to OlympusDao that I could determine but he must be significant in the community as he holds a massive amount of OHM. The other address is the OlympusDao fund, which like it sounds is the fund for OlympusDAO.

Conclusion:

1. Both address have been decreasing there position in OHM as time goes on.

2. They both follow a very similar trend in terms of spikes and dips in there overall holding of OHM.