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FEI Genesis: Day 3
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FEI Genesis: Day 3

Who owned what after 1-week?

Alpha Alarm | Covalent
Apr 15, 2021
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FEI Genesis: Day 3
alphaalarmhq.substack.com

The visuals below show the $FEI distributed to genesis holders compared to what was in their wallets 1-week post-launch. 64% of FEI genesis holders no longer held any of their position within the first week.

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Similar story for TRIBE. 52% of genesis holders no longer had any in their wallets within a week. There are some interesting outliers in both charts and we will dissect those soon through our long-form counterpart AlphaResponse.

For now, what are your thoughts on them?

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This chart breaks it down by wallet size groupings (see down below for the legend). There are many places this $FEI and $TRIBE could have gone (staking probably, maybe selling). Really interesting to see that the largest whales actually didn't move much $FEI though.

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For some context: Yesterday and the day before, we looked at who contributed to the FEI genesis event. Today we look at what they received and what they were holding 1-week post-launch. Tomorrow we will look at where that difference went.

The $FEI genesis event let you select what ratio of FEI/TRIBE that you wanted. We decided to break that ratio down by wallet size. Interestingly, and understandably, the whales redeemed about 2x the $FEI per $TRIBE compared to the regular folk.

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This chart is not great for any trend analysis because the axes are different, but it is helpful to see exactly how much each wallet-size received. It mostly just contextualizes the rest of the analysis.

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Here is the legend to go along with the above charts.

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This is a bit of a longer analysis than the usual #AlphaAlarm but it isn't finished yet. We still need to look at exactly where all of this $FEI and $TRIBE went... Feel free to chime in and leave your thoughts. More to come.

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FEI Genesis: Day 3
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