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Rich-List Case Study: VIDT Datalink #3

For today’s subscriber-exclusive post, I will be providing the final update in the rich-list case study series on VIDT Datalink.

If you missed post #1 and post #2, I’d suggest reading over those first before digging into this final update so that you can see precisely what we are looking for and the approach that we are taking with our evaluation. I will refrain from repeating myself here and will simply crack on with the results:

  1. As we know, we begin with a screenshot of the addresses and balances comprising the top 20:
  2. Top 20 - 30th November - Balances
  3. We now must follow the approach as before and weed out the inactive addresses and the team-owned and exchange-owned addresses, as these are not relevant for our purposes. Inactive now means those addresses with no activity between the previous evaluation (18th November 2020) and today’s evaluation. If we open a tab for each address in the top 20, we find that there are 10 inactive addresses and 7 addresses labelled either VIDT Datalink or an exchange (including #1, which we established last week was most likely one of the two despite not being labeled as such). This leaves us with only 3 addresses that were active over the period between 18th November and 30th November: #10 #11 and #16.
  4. Now, just as we did last week, make a note of which addresses remain from the previous week and which are new to the list.
  5. My results for the period between 18th November 2020 and 30th November 2020 are as follows:
  • #1: N/A (Exchange or team address – unlabeled)
  • #2: N/A (Binance)
  • #3: N/A (Inactive)
  • #4: N/A (VIDT Main Wallet)
  • #5: N/A (Inactive)
  • #6: N/A (Inactive)
  • #7: N/A (Inactive)
  • #8: N/A (VIDT Bridge Wallet)
  • #9: N/A (VIDT Validation Wallet – previously address #14 but inflow of 270k VIDT moves it up)
  • #10: +21,994 VIDT
  • #11: -27,090 VIDT
  • #12: N/A (Inactive)
  • #13: N/A (inactive – previously #15)
  • #14: N/A (Inactive – previously #16)
  • #15: N/A (Inactive – previously #17)
  • #16: -259,800 VIDT (previously #9)
  • #17: N/A (Inactive – previously #19)
  • #18: N/A (Hotbit – outflow of 28,186 VIDT)
  • #19: N/A (Kucoin 3 – outflow of 235,908 VIDT – previously #13)
  • #20: N/A (Inactive)

Now to draw some conclusions:

Firstly, we can make the assumption that many of the largest holders remain content with their current holdings, seeking neither to accumulate nor distribute at current prices, with 10 addresses inactive over the period between 18th November and 30th November. Further, 7 addresses either team-controlled or exchange addresses. Of the 3 private addresses with meaningful balance changes, we can see that 2 have experienced net outflows and 1 net inflow over the given period. Most importantly, the cumulative net change in balance of these addresses is -264,895 VIDT over the given period. This equates to 0.53% of the circulating supply. Also, it is interesting that the 20th-richest address remains holding 255,793 VIDT, as opposed to 330,055 VIDT in the first instalment, so the threshold for entry into the top 20 has reduced by ~75k VIDT since 30th October. 

Regarding conclusions from the entire month of evaluation, we find that the top 20 richest addresses for VIDT Datalink have had net inflows of 1,075,352 VIDT (accounting for the 9mn in the #1 address that we later decided to exclude) over a 30-day period. This is highly suggestive of the notion that the largest holders are either holding or adding to their positions whilst price is in the latter stages of a mini-bear cycle, as seen below.

I have provided three prime entry areas where I am building on my position in the project based on this information, scaling in at each price.

VIDT/BTC

And that concludes this rich-list case study series on VIDT Datalink. I hope the series has proved valuable for you guys and that the approach for rich-list evaluation is now a little clearer.

As ever, if you have any comments or questions, feel free to leave them below.


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This Post Has 2 Comments

  1. Colm McCourt

    Nice analysis Nik, I see VIDT is ranging around your lower buy region.

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