Weekly report: How much STEEM is stored on the exchanges? - January 24, 2019
Bithumb is back in the Steem business. Since the announcement of Bithumb there's a lot of activity on both of the Korean exchanges, Bithumb and Upbit.
On January 21 there was one huge transfer of 8.8 million STEEM from @bittrex to @upbitsteemhot. One transfer worth 3.5 million US Dollar.
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?
| Exchange | STEEM |
|---|---|
| Bittrex | 30,004,779 STEEM |
| Poloniex | 9,463,223 STEEM |
| Binance | 11,672,433 STEEM |
| Huobi | 3,890,217 STEEM |
| Upbit | 7,238,517 STEEM |
| Bithumb | 6,147,915 STEEM |
| Openledger | 574,283 STEEM |
| Gopax | 291,447 STEEM |
Total amount of STEEM stored on all exchanges: 68,107,957 STEEM
Total STEEM supply: 295,965,257 STEEM
Liquid STEEM: 90,883,528 STEEM
- 23.0% of the total supply is stored on the exchanges.
- 74.9% of all liquid STEEM is stored on the exchanges.
that is the number which scares me
As expected, most transfer to Korea for some arbitrage! I wonder if they will remain in those exchange wallets as they must have learned by now that exchanges can freeze transfers without notice! Thanks for the update!
Posted using Partiko iOS
Now that deal it done, I’m waiting for the massive dump.
Posted using Partiko iOS
Ned will get a higher price if he dumps his stakes at Upbit and Bitthumb! Steem price is on the way to 0.08-0.1 again soon! We will see more of those, remember that steemit accs been full powering down.
Thank you 🙏! Love this statistics !.
How would you interpret the difference between Binance and bittrex for example?
Upbit just started trading Steem?
Posted using Partiko iOS
Is that just a impression or the quantity of steem in the exchanges decreases ?
8.8 millon steem i wonder who that is?
@ned transfer to bittrex last 3 months 3.3 million steem
@steemit transfer to bittrex 3 million
@steemit2 through @gsr-io 800k
@steemit2 through @alpha aka @blocktrades 3.7 million
so 9.6 million STEEM altogether withdrawn to bittrex via multiple sources within 3 months
i imagine they moved to bithumb due to acceptance of shady practices @bittrex and @poloniex will freeze coins for withdrawal and deposit if they see high holders are manipulating markets
I very much doubt that considering the people who were washtrading BCH on bithumb were arrested.
pretty sure no one was arrested for washtrading on @bithumb and when presented the evidence they denied it was happening at all.
which was funny considering 95% of daily trading volume was happening within a few minutes around 11 am
also in September bithumb had $350 million daily volume and by November was $11 billion over 12 times volume
for more on this
https://www.forbes.com/sites/johnkoetsier/2018/12/19/report-top-crypto-exchange-bithumb-faking-up-to-94-of-trading-volume-bithumb-denies-allegations/#523c135a645d
You're right, the article I found was about upbit apparently.
dodgy exchanges are easily confused