We’ve recently added a new companion to our Exchange Flow metrics, which calculates the % change of token supply across all exchange wallets.
This chart adds additional context to elevated token movement, and how it relates to exchange-centric activity.
This same pattern of a major trend reversal following a spike (or dip) in exchange-based coins shows up over and over. You can see it here in MITH:
…and even our own SAN token!
Of course the change in price action isn’t always as egregious as in the example above, but the metric seems like a pretty good indicator of strong paradigm shift in holder behaviour.
If you want to try it for yourself, % of token supply is now live on SANgraphs!