WHALE VOTERS

Individuals, institutions, and exchanges that own large quantities of a cryptocurrency's tokens are referred to as whales. Let us say they hold more than 1 Million of the tokens. Whales in cryptocurrencies produce waves that spread among little fish, or traders, impacting the broader market.

For Example,On the crypto exchange Kraken, the cryptocurrency Ether's value plummeted from US$1,628 to US$700 for a minute in February 2021. While a number of variables might have contributed, Kraken CEO Jesse Powell believes that the collapse was precipitated by a single whale who "decided to dump his life savings." Because whales own so much cryptocurrency, their moves can have a huge impact on the token's value. Furthermore, because they have more money at risk, they have greater voting power.

Here the query comes to see the voters in terra/anchor/mirror for the past 60 days. The data used here is from app.flipside and SQL helped to chase the needful datasets.

This graph shows the above-mentioned 'Whales' in this Terra platform, where these are individuals/companies holding big assets in the crypto world.

The whole voters who voted in at last one among the three protocols (Terra/Anchor/Mirror) for the past 60 days from today are recorded. Over the whole time period the number of voters has managed to maintain almost the same distribution.

This pie chart gives an idea about the proportion of the total voters who belong to the so-called 'whales' category. These are the wallets that hold an asset greater than 1 million as their balance amount.