People regularly ask what those big $MNW wallets are in the top 15. Are they team wallets, big whales or what?
I regularly check the biggest transactions and wallets which gives me a pretty good idea of what these wallets are.
As you can see, the by far biggest wallet is the Polygon Bridge wallet with 11.3 million MNW tokens. Any ERC-20 MNW token that is bridged to Polygon Proof of Stake, is locked in there while a new Polygon PoS version of $MNW is minted. The vast majority of these tokens are staked for 3, 6 or 12 months in https://t.co/0WTsVD4bQl masternodes.
The second biggest wallet is the KuCoin-6 MNW Cold Vault with 6.5 million MNW tokens. It is very surprising to me that so many tokens are kept on a CEX.
The third wallet is the combined Team/Swap wallet which was used for conversion of MRPH to MNW which was released in October 2021. The swap is now closed. We don't know exactly what the ratio is between team tokens and tokens available for swap. We hope to hear from the team one day how many MRPH tokens are not swapped, effectively reducing the MNW circulating supply.
The fourth wallet is KuCoin-38 and is also a Cold Vault with about 1 million MNW tokens.
The fifth wallet is KuCoin-15, a Hot Vault with 864K MNW tokens.
The sixth wallet is the first individual token holder with a 469K MNW wallet. It is not the biggest regular wallet as a few bigger wallets have bridged to Polygon to stake nodes.
The seventh wallet is KuCoin-20, a Hot Wallet with 414K MNW.
The eighth wallet is also an individual token holder with currently 403K MNW
On place nine, we find the first DEX wallet. It is Uniswap v3 with 287K MNW
Wallet 10 is held by the team or a team member and has been stable since May 2022.
You can read the descriptions for the remaining top ERC-20 wallets.
To give you an idea of the 100K+ wallets that have bridged to Polygon PoS to run https://t.co/0WTsVD4bQl masternodes, I maintain a list of active nodes. You will not find these in the holders list on PolygonScan because the tokens are staked into nodes. Owners remain fully in control, can unstake any time but have a cool-off period of 30 days before access is returned to the token holders.
$MNW #supplychain #wallets #DePIN #DLT #IoT #AI
• my take on bitcoin & the market from now until end of Q1 2025 •
(i'm more than happy to accept that i could be COMPLETELY WRONG on all of this & will quote tweet myself if this all gets invalidated)
i personally feel this price action is a consolidation at/around the massive psychological resistance of 100k btc
i'm still leaning that we go higher into EOY & the first week(s) of january
where we will get another big pullback on btc like we've seen in previous cycles
i dont think its going to be a massive 30% one like we've seen in cycles prior, but instead a shallower one
eth & alt coins will get their first signs of major life vs bitcoin in january
• feb until ~april i think we see:
btc to 140-160k
eth to 8k
sol to 400
"alt season"
on chain mania to go full blow crazy in its typical timeframe of march-april
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* disclaimer*
i will once again say this cause a lot of people dont read
this is all my SPECULATIVE predictions
i, nor anyone else, truly knows whats going to happen in the markets or can tell the future
i'm purely using historical price action & seasonality here
& i'm more than happy to accept that i could be COMPLETELY WRONG on all of this/will quote tweet myself if this all gets invalidated
$MNW with the market cap of $VET at ATH would put 1 $MNW to $455.94
That's an increase of 113,865.01% 📈
#mnw#vet#morpheus-network #vechain
https://t.co/qEDru0TDZH via @MarketCapOf
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