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Historical Cohort Balance Ratio

Overview

Historical Cohort Balance Ratio measures the percentage of a token's total supply currently held by addresses that first interacted with the token before a specified date. This metric allows for analyzing the influence and behavior of specific historical holder cohorts over time.

Definition

This indicator is calculated by:

  1. Identifying all wallet addresses that conducted their first token transaction before the user-specified date
  2. Calculating the current combined balance of these historical wallets
  3. Dividing this sum by the token's total supply and expressing as a percentage

Significance

  • Temporal Cohort Analysis: Reveals how specific historical user groups maintain their positions over time
  • Holder Retention Tracking: Quantifies the staying power of holders from particular time periods
  • Distribution Evolution: Shows how token ownership shifts between early and later adopters
  • Historical Support Assessment: Identifies the continued influence of holders from specific eras

Interpretation

  • High Percentage: Indicates strong retention among the historical cohort with limited distribution
  • Low Percentage: Suggests significant migration of tokens from the historical cohort to newer holders
  • Declining Trend: May signal the gradual reduction of positions by the specified historical cohort
  • Stable Percentage: Could indicate sustained conviction among holders from that time period

Analysis Applications

  • Specific Event Impact: Assess holder behavior before and after significant project milestones
  • Pre-Pump Holder Analysis: Track the behavior of addresses that joined before major price movements
  • Market Cycle Comparison: Analyze how holders from different market cycles maintain their positions
  • Community Evolution Study: Understand how the project's holder base has transformed since specific dates

Considerations

  • The cohort may include both individual holders and contract addresses from that time period
  • Exchange wallets active during that period may represent many users but appear as single entities
  • Wallets with minimal activity or dust amounts should be interpreted carefully
  • The date selected should ideally correspond to significant project events or price level for meaningful analysis

Parameters

This indicator uses the base parameters for time range and resolution settings, plus:

Parameter Type Default Description
Date date 2024-11-17 The cutoff date for historical cohort membership (includes wallets created before this date)