Small investors lie flat, big investors flee, can UST become a safe haven during the market panic?

特邀专栏作者

2022-05-09 08:21

This article is about 557 words, reading the full article takes about 1 minutes

75% of money transfers come from 1% of panicked people.

Compile: TechFlow intern

The decoupling of UST is a major event in the encryption world recently, and many people have refocused their attention on UST because of this. Through the data on the chain, I found the wallets with the most withdrawals from Anchor on May 7th,Equity = withdrawal amount - deposit amount, Let us explore through these data, can UST/Anchor become a safe haven during market panic?

From the figure below, we can clearly see that the withdrawal address is twice the deposit address, and the withdrawn UST is 6 times more than the deposited UST.

In Anchor, there are about 100,000 addresses with a deposit amount of UST greater than 1,200 US dollars, and about 87,000 users with less than 1,200 UST. In this unanchor event, 91% of users chose to ignore or lie flat.

The amount withdrawn was exactly 6 times the amount deposited, which seems to be completely against the notion of a safe-haven asset. And if we divide the wallet into sizes, the situation will be much more favorable. This to me is very different from the panic generated by retail investors. Of deposits and withdrawals, 75% of the value comes from transfers greater than $1 million. This process consists of 182 wallets, and 75% of the transaction volume comes from 1%. wallet.