Weekly report: How much STEEM is stored on the exchanges? - January 31, 2019steemCreated with Sketch.

in steem •  22 days ago

The charts below show how much STEEM is stored on each exchange where STEEM is listed.

Rule #1 in the crypto world: Don't store your cryptocurrencies on an exchange!

STEEM stored on all exchanges

STEEM stored on Bittrex

STEEM stored on Poloniex

STEEM stored on Binance

STEEM stored on Huobi

STEEM stored on Upbit

STEEM stored on Bithumb

STEEM stored on Openledger

STEEM stored on Gopax

How much STEEM is currently stored on each exchange?

ExchangeSTEEM
Bittrex33,445,948 STEEM
Poloniex9,540,058 STEEM
Binance12,816,930 STEEM
Huobi4,344,092 STEEM
Upbit5,928,262 STEEM
Bithumb6,378,066 STEEM
Openledger568,578 STEEM
Gopax305,877 STEEM

Total amount of STEEM stored on all exchanges: 72,136,210 STEEM
Total STEEM supply: 297,443,825 STEEM
Liquid STEEM: 95,343,113 STEEM

  • 24.3% of the total supply is stored on the exchanges.
  • 75.7% of all liquid STEEM is stored on the exchanges.

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My theory on the small price pump was the increase of volume on @Bittrex got STEEM to the front page of the Bittrex market. This gave us some free advertisement for a few days and increased the buying and selling. Heck, I don't have a problem with STEEM.inc keeping their stake safe on @bittrex with say a high sell mark just to keep us on the front page of the market. I am sure this would have its own share of downsides as well.

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It seems like a large amount came back into wallets after the recent price increase which is encouraging to say the least. Volume was large and despite falling back a bit, the fact we have found stability is good.

Posted using Partiko iOS

This is one area I have never gotten a grasp of for the rewards pool. Does all the STEEM on exchanges help us get a bigger portion of the rewards. Since all that STEEM can't vote, does it make the SP more powerful??

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Yes, theoretically this is correct.

Interesting despite so many Coins on exchanges price does not plummet completely

Posted using Partiko Android

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I think the price will drop below 20 cents if something extraordinary doesn't happen.

Posted using Partiko Android

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As much as I want the price to go to the moon, I wouldn’t mind a price drop so I can power up some more! :)

Posted using Partiko iOS

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I also want to see Steem going to the 🌒.

Posted using Partiko Android

Getting ever-closer to "THE BOTTOM" {wherever it may be} ;-) Hope you've been well @penguinpablo!

Hey @penguinpablo, could I add a suggestion for this weekly series such as adding % change of the exchanges showing difference from a week ago or last time you posted these weekly reports?

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Hey @acidyo! Good one. I am going to add it to my next weekly report.

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Awesome! Thank you!

Interesting metrics, thanks for sharing @penguinpablo!

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