Let's stop with the theories. Whales aren't powering down

Thanks to the wonderful Hive account@bitcoiner, who came up with the equally wonderful SteemDown and who's image I stole, it's incredibly easy to track what our whales are doing with their steem. And while this will probably lead to panic once someone big decides to unload, this isn't that time.

And, because we have this transparency I decided to take advantage of it. These metrics are from SteemDown (8-4-2016, 12am PDT), and a little excel work.

So, how much of the current market cap, valued at $227,652,069, do the top *49 users own?

A whopping 36.2%

And how much of the current market cap are they collectively powering down over the next week?

A slightly less substantial 0.199%. And no, I didn't miss a decimal or a zero on that.

Okay, but that's total market cap, how much of their own steem are they liquidating?

Well, hold on to your butts folks, cause this ones a doozy. 0.550%

That's right, not even 1% of the combined whales total steem is being liquidated.

So, now we have two reasons to relax.

• We know steempower isn't very liquid. Which is really bad for ponzi schemes
• We know the whales aren't trying to make a run for it.

Stats Disclaimer: Like steemd I've decided to exclude the Hive account@steemit account. I've also opted out of combining accounts owned by the same individuals as I don't know all who've made it public yet. If/when I update this sheet I'll make that change in the future.