Weekly report: How much STEEM is stored on the exchanges? - November 29, 2018steemCreated with Sketch.

in steem •  13 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
Bittrex25,845,170 STEEM
Poloniex9,601,081 STEEM
Binance12,098,263 STEEM
Huobi3,778,931 STEEM
Upbit965,899 STEEM
Bithumb1,498,932 STEEM
Openledger540,634 STEEM
Gopax320,302 STEEM

Total amount of STEEM stored on all exchanges: 54,649,212 STEEM
Total STEEM supply: 285,863,728 STEEM
Liquid STEEM: 83,755,025 STEEM

  • 19.1% of the total supply is stored on the exchanges.
  • 65.2% of all liquid STEEM is stored on the exchanges.

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With the announcement from Steemit we could probably suspect that some of this was from them getting funds for operational costs. Hopefully after their adjustments, selling pressure can be reduced. However, I will not be surprised that some stakers sell given the announcement.

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This was the moment @Ned posted his announcement to lay off 70% of the staff.
The market saw a small drop shortly after the announcement, but recovered quickly. Steem is up +10% relative to BTC since then :-)

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True... but that correlated with the increase in bitcoin which still dominates the market direction. We could eventually see some impact as others may have started power downs as well. Mostly speculation on my part but watching carefully.

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It's growing!

we just need someone to buy 83 million steem lol, the only plus of price hitting 10 cents would be we could buy so much for cheap and make it more rare.

Looks like people holding on exchanges has gone up, if they intend to sell at the first rise in price, it could suppress the steem price and keep it low for a while.

I wonder how many people are buying this supply and bringing back to steem to stake.

We need more steem. In the hands of people who will stake it and use it.

Less liquid steem, means less supply, means higher prices.

I personally like Binance <3

I'm curious about the fact why netcoins doesn't appear here...

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Netcoins is no real exchange

The quantity of Steem in the exchanges is inverse proportional at the value. This shows one thing... Everybody runs to sell when we are in the bear market, and that is sad.

For the price of Steem it would be good to be more steem on exchanges.