C. Hodler

Hodler's activation tree: CULT supply

How much CULT Hodler's activation tree holds, how that grew, and where it came from.

Published
Ledger index
107030551

Contents

Accounts marked “flow-connected to” an activation tree are those the CULT and OBEY token flow reaches from it at its widest flow threshold, 10 CULT paid in total one way; the token-flow article sets out how it is followed, and the groups at every other threshold. Accounts flow-connected to both activation trees: 17 at 10 CULT, 0 at 30 CULT, 0 at 50 CULT. Being flow-connected does not make an account the activation tree's.

How much CULT Hodler's activation tree holds, how that grew, and where it came from. At ledger 107,030,551 the activation tree holds 553.4800 CULT: 7.9% of all CULT in existence.

Holdings over time

CULT held by Hodler's activation tree, each dayCULT05001.0k2025-012025-032025-052025-072025-092025-112026-012026-032026-052026-072026-09CULT held by the activation treeCULT held by the activation tree — 2024-11-05: 573.1531CULT held by the activation tree — 2024-11-09: 693.553CULT held by the activation tree — 2024-11-13: 861.2631CULT held by the activation tree — 2024-11-18: 826.035CULT held by the activation tree — 2024-11-22: 986.6164CULT held by the activation tree — 2024-12-02: 1,125.32CULT held by the activation tree — 2024-12-11: 1,073.56CULT held by the activation tree — 2024-12-15: 1,155.47CULT held by the activation tree — 2024-12-19: 1,189.41CULT held by the activation tree — 2024-12-23: 1,196.08CULT held by the activation tree — 2024-12-27: 1,318.29CULT held by the activation tree — 2024-12-31: 1,325.06CULT held by the activation tree — 2025-01-04: 1,327.75CULT held by the activation tree — 2025-01-08: 1,332.22CULT held by the activation tree — 2025-01-12: 1,189.88CULT held by the activation tree — 2025-01-16: 1,197.35CULT held by the activation tree — 2025-01-20: 758.638CULT held by the activation tree — 2025-01-25: 764.9118CULT held by the activation tree — 2025-01-29: 769.8272CULT held by the activation tree — 2025-02-02: 771.5014CULT held by the activation tree — 2025-02-07: 761.9596CULT held by the activation tree — 2025-02-11: 741.8102CULT held by the activation tree — 2025-02-17: 757.2785CULT held by the activation tree — 2025-02-22: 748.8676CULT held by the activation tree — 2025-02-28: 656.7077CULT held by the activation tree — 2025-03-08: 590.6162CULT held by the activation tree — 2025-03-17: 591.5014CULT held by the activation tree — 2025-03-25: 598.3058CULT held by the activation tree — 2025-03-31: 598.6298CULT held by the activation tree — 2025-04-14: 601.1828CULT held by the activation tree — 2025-04-22: 649.1825CULT held by the activation tree — 2025-04-29: 652.7952CULT held by the activation tree — 2025-05-03: 654.505CULT held by the activation tree — 2025-05-08: 660.3703CULT held by the activation tree — 2025-05-15: 674.8162CULT held by the activation tree — 2025-05-19: 668.7869CULT held by the activation tree — 2025-05-24: 669.3172CULT held by the activation tree — 2025-05-29: 669.7672CULT held by the activation tree — 2025-06-05: 670.0074CULT held by the activation tree — 2025-06-15: 651.3465CULT held by the activation tree — 2025-06-21: 647.9488CULT held by the activation tree — 2025-06-25: 611.1536CULT held by the activation tree — 2025-07-09: 610.2171CULT held by the activation tree — 2025-07-17: 612.2116CULT held by the activation tree — 2025-07-25: 627.9845CULT held by the activation tree — 2025-08-02: 642.4873CULT held by the activation tree — 2025-08-12: 643.5809CULT held by the activation tree — 2025-08-16: 644.2515CULT held by the activation tree — 2025-08-20: 646.4112CULT held by the activation tree — 2025-08-29: 524.715CULT held by the activation tree — 2025-09-03: 529.7049CULT held by the activation tree — 2025-09-07: 535.9916CULT held by the activation tree — 2025-09-13: 536.3299CULT held by the activation tree — 2025-09-18: 536.6071CULT held by the activation tree — 2025-09-22: 536.693CULT held by the activation tree — 2025-09-29: 539.126CULT held by the activation tree — 2025-10-07: 540.4036CULT held by the activation tree — 2025-10-12: 540.3527CULT held by the activation tree — 2025-10-19: 542.2174CULT held by the activation tree — 2025-10-23: 544.7231CULT held by the activation tree — 2025-10-31: 544.7508CULT held by the activation tree — 2025-11-10: 544.7862CULT held by the activation tree — 2025-11-19: 546.945CULT held by the activation tree — 2025-11-25: 547.585CULT held by the activation tree — 2025-11-29: 547.7006CULT held by the activation tree — 2025-12-07: 547.7423CULT held by the activation tree — 2025-12-16: 547.8161CULT held by the activation tree — 2025-12-22: 547.8881CULT held by the activation tree — 2026-01-01: 547.9126CULT held by the activation tree — 2026-01-27: 547.9759CULT held by the activation tree — 2026-02-04: 548.0044CULT held by the activation tree — 2026-02-16: 548.0518CULT held by the activation tree — 2026-02-24: 548.5689CULT held by the activation tree — 2026-02-28: 549.1391CULT held by the activation tree — 2026-03-09: 549.2422CULT held by the activation tree — 2026-03-14: 549.3185CULT held by the activation tree — 2026-03-19: 549.1563CULT held by the activation tree — 2026-03-24: 552.371CULT held by the activation tree — 2026-03-30: 552.9131CULT held by the activation tree — 2026-04-04: 553.2202CULT held by the activation tree — 2026-04-13: 553.408CULT held by the activation tree — 2026-04-19: 553.7636CULT held by the activation tree — 2026-05-01: 553.7903CULT held by the activation tree — 2026-05-10: 553.8129CULT held by the activation tree — 2026-05-22: 553.8385CULT held by the activation tree — 2026-06-01: 553.8641CULT held by the activation tree — 2026-06-13: 553.8898CULT held by the activation tree — 2026-06-23: 553.6625CULT held by the activation tree — 2026-07-01: 553.6851CULT held by the activation tree — 2026-07-13: 553.7105CULT held by the activation tree — 2026-07-25: 553.7359CULT held by the activation tree — 2026-08-04: 553.7612CULT held by the activation tree — 2026-08-16: 553.7866CULT held by the activation tree — 2026-08-28: 553.4358CULT held by the activation tree — 2026-09-07: 553.4611CULT held by the activation tree — 2026-09-16: 553.48553CULT held by the activation tree
The CULT in all the activation tree's accounts together at the end of each day it changed.
Hodler's activation tree: share of all CULT in existence%05.0010152025-012025-032025-052025-072025-092025-112026-012026-032026-052026-072026-09share of all CULT, %share of all CULT, % — 2024-11-05: 8.2243share of all CULT, % — 2024-11-09: 9.952share of all CULT, % — 2024-11-13: 12.3585share of all CULT, % — 2024-11-18: 11.853share of all CULT, % — 2024-11-22: 14.1572share of all CULT, % — 2024-12-02: 16.1475share of all CULT, % — 2024-12-11: 15.4048share of all CULT, % — 2024-12-15: 16.5802share of all CULT, % — 2024-12-19: 17.0671share of all CULT, % — 2024-12-23: 17.1629share of all CULT, % — 2024-12-27: 18.9165share of all CULT, % — 2024-12-31: 19.0137share of all CULT, % — 2025-01-04: 19.0523share of all CULT, % — 2025-01-08: 19.1164share of all CULT, % — 2025-01-12: 17.074share of all CULT, % — 2025-01-16: 17.1812share of all CULT, % — 2025-01-20: 10.8859share of all CULT, % — 2025-01-25: 10.9759share of all CULT, % — 2025-01-29: 11.0465share of all CULT, % — 2025-02-02: 11.0705share of all CULT, % — 2025-02-07: 10.9336share of all CULT, % — 2025-02-11: 10.6445share of all CULT, % — 2025-02-17: 10.8664share of all CULT, % — 2025-02-22: 10.7457share of all CULT, % — 2025-02-28: 9.4233share of all CULT, % — 2025-03-08: 8.4749share of all CULT, % — 2025-03-17: 8.4876share of all CULT, % — 2025-03-25: 8.5853share of all CULT, % — 2025-03-31: 8.5899share of all CULT, % — 2025-04-14: 8.6265share of all CULT, % — 2025-04-22: 9.3153share of all CULT, % — 2025-04-29: 9.3672share of all CULT, % — 2025-05-03: 9.3917share of all CULT, % — 2025-05-08: 9.4758share of all CULT, % — 2025-05-15: 9.6831share of all CULT, % — 2025-05-19: 9.5966share of all CULT, % — 2025-05-24: 9.6042share of all CULT, % — 2025-05-29: 9.6107share of all CULT, % — 2025-06-05: 9.6141share of all CULT, % — 2025-06-15: 9.3464share of all CULT, % — 2025-06-21: 9.2976share of all CULT, % — 2025-06-25: 8.7696share of all CULT, % — 2025-07-09: 8.7562share of all CULT, % — 2025-07-17: 8.7848share of all CULT, % — 2025-07-25: 9.0111share of all CULT, % — 2025-08-02: 9.2192share of all CULT, % — 2025-08-12: 9.2349share of all CULT, % — 2025-08-16: 9.2446share of all CULT, % — 2025-08-20: 9.2755share of all CULT, % — 2025-08-29: 7.5293share of all CULT, % — 2025-09-03: 7.6009share of all CULT, % — 2025-09-07: 7.6911share of all CULT, % — 2025-09-13: 7.696share of all CULT, % — 2025-09-18: 7.6999share of all CULT, % — 2025-09-22: 7.7012share of all CULT, % — 2025-09-29: 7.7361share of all CULT, % — 2025-10-07: 7.7544share of all CULT, % — 2025-10-12: 7.7537share of all CULT, % — 2025-10-19: 7.7804share of all CULT, % — 2025-10-23: 7.8164share of all CULT, % — 2025-10-31: 7.8168share of all CULT, % — 2025-11-10: 7.8173share of all CULT, % — 2025-11-19: 7.8483share of all CULT, % — 2025-11-25: 7.8575share of all CULT, % — 2025-11-29: 7.8591share of all CULT, % — 2025-12-07: 7.8597share of all CULT, % — 2025-12-16: 7.8608share of all CULT, % — 2025-12-22: 7.8618share of all CULT, % — 2026-01-01: 7.8622share of all CULT, % — 2026-01-27: 7.8631share of all CULT, % — 2026-02-04: 7.8635share of all CULT, % — 2026-02-16: 7.8642share of all CULT, % — 2026-02-24: 7.8716share of all CULT, % — 2026-02-28: 7.8798share of all CULT, % — 2026-03-09: 7.8813share of all CULT, % — 2026-03-14: 7.8824share of all CULT, % — 2026-03-19: 7.88share of all CULT, % — 2026-03-24: 7.9262share of all CULT, % — 2026-03-30: 7.934share of all CULT, % — 2026-04-04: 7.9384share of all CULT, % — 2026-04-13: 7.9411share of all CULT, % — 2026-04-19: 7.9462share of all CULT, % — 2026-05-01: 7.9466share of all CULT, % — 2026-05-10: 7.9469share of all CULT, % — 2026-05-22: 7.9473share of all CULT, % — 2026-06-01: 7.9477share of all CULT, % — 2026-06-13: 7.948share of all CULT, % — 2026-06-23: 7.9448share of all CULT, % — 2026-07-01: 7.9451share of all CULT, % — 2026-07-13: 7.9455share of all CULT, % — 2026-07-25: 7.9459share of all CULT, % — 2026-08-04: 7.9462share of all CULT, % — 2026-08-16: 7.9466share of all CULT, % — 2026-08-28: 7.9416share of all CULT, % — 2026-09-07: 7.9419share of all CULT, % — 2026-09-16: 7.94227.94share of all CULT, %
The activation tree's holding as a percentage of every CULT in existence.

Who holds it

Table 1. Every account in the activation tree that holds CULT or LP tokens now.

account holds CULT now share of all CULT rank among all holders CULT its LP tokens can take out
rCk8EwUPhn28a2dz7ZTAb7ZjywkWhgD5S (Hodler) 346.245131 4.97% 4 0.559789
r4pz5ncRPxVXGhNxn3XpVDJWEUkuaisoGd (Hodler activation tree, generation 1) 158.862088 2.28% 10 0
rNB266qn2L3WuuzVyfKjj54sSXxvCYNrFV (Hodler activation tree, generation 2) 47.081255 0.68% 40 0
r3rXicdJYKLxxt9mkzhWosLFqUdWwGxVpW (Hodler activation tree, generation 1) 1.291446 0.02% 147 0.000024
r4Q9kEN2f3TinVG1PiVJmj38QvjUmjf4or (Hodler activation tree, generation 1) 0.000072 0.00% 472 0

every row: download h-holdings.csv.

Where it came from

Table 2. The CULT the activation tree holds, by how it reached the activation tree, traced first in, first out.

where the units had been CULT share
sent on by a Pheanor activation tree account 0.829841 0.15%
bought straight from a Pheanor activation tree account's offer 0.963003 0.17%
sent on by a Hodler activation tree account 46.000000 8.31%
bought straight from a Hodler activation tree account's offer 0.000001 0.00%
passed through a flow-connected account reached from both activation trees 63.050752 11.39%
passed through a flow-connected account reached from Pheanor's activation tree 8.237063 1.49%
passed through a flow-connected account reached from Hodler's activation tree 1.782171 0.32%
bought on a market; no activation tree or flow-connected account on its path 188.125447 33.99%
withdrawn from a pool by the account holding it 244.491714 44.17%

every row: download h-origins.csv.

Month by month

Table 3. Every change in the activation tree's CULT, each month, by what caused it.

month XRP per CULT late in the month accounts created bought (transactions) XRP paid sold (transactions) XRP received paid in from outside paid out to outside moved between its own accounts into pools, single-asset into pools, two-asset out of pools, single-asset out of pools, two-asset net change held at month end
2021-11 — 1 — — — — — — — — — — — 0 0
2024-10 — 4 — — — — — — — — — — — 0 0
2024-11 2.8467 — 1,315.15 (49) 5,114.49 154.06 (26) 1,645.41 0.0017 11 — — 484.94 329.57 131.44 1,126.16 1,126.16
2024-12 15.8098 1 118.64 (111) 1,477.72 2.10 (9) 30.83 210.00 263.50 — 88.00 169.11 390.87 2.09 198.90 1,325.06
2025-01 27.0440 — 91.08 (130) 1,826.17 23.50 (11) 444.68 — 636.70 — — 6.38 20.85 — -554.65 770.41
2025-02 19.0249 1 51.14 (62) 1,069.31 76.93 (56) 1,531.80 83.00 175 — — 10.04 12.09 2.04 -113.70 656.71
2025-03 22.0079 — 19.92 (41) 410.78 3.00 (4) 62.00 — 75 — — — — — -58.08 598.63
2025-04 24.5040 — 12.23 (32) 240.63 — — — 7.77 — — — 50.65 — 55.12 653.75
2025-05 25.7928 — 9.18 (55) 254.56 — — — 14.50 — 5 6.53 32.88 — 16.03 669.77
2025-06 49.4458 — 4.45 (49) 129.32 0.2600 (2) 16.08 — 4 — 64.00 1.95 — — -65.77 604.01
2025-07 59.0557 — 1.92 (21) 113.50 — — — — — — — 32.71 — 34.63 638.64
2025-08 60.0189 — 2.12 (25) 124.83 — — <0.0001 137 — — — 25.21 — -109.68 528.97
2025-09 82.0462 — 2.98 (47) 191.82 — — 0.0545 — — — — 7.78 — 10.81 539.78
2025-10 143.9113 — 0.1536 (13) 21.54 — — 0.0826 1 — — — 5.73 — 4.97 544.75
2025-11 91.1476 — 1.28 (13) 120.00 — — 0.0626 — — — — 1.60 — 2.95 547.70
2025-12 90.6347 — 0.1336 (6) 12.50 — — 0.0773 — — — — — — 0.2109 547.91
2026-01 88.2004 — 0.0501 (3) 4.49 — — 0.0285 — — — — — — 0.0786 547.99
2026-02 138.1612 — 0.7111 (17) 97.66 — — 0.0707 — — 34.09 — 34.46 — 1.15 549.14
2026-03 148.4933 — 3.96 (48) 518.58 0.2490 (2) 30.57 0.0771 — — 3.00 — 2.99 — 3.78 552.92
2026-04 250.2822 1 1.19 (224) 207.70 0.3945 (108) 60.30 0.0650 — — — — — — 0.8638 553.78
2026-05 225.6443 — 0.0036 (4) 0.8887 — — 0.0705 — — — — — — 0.0741 553.86
2026-06 247.6586 — 0.0260 (2) 7.00 — — 0.0636 — — — 0.9782 0.7098 — -0.1789 553.68
2026-07 159.3690 — — — — — 0.0698 — — — — — — 0.0698 553.75
2026-08 166.0406 — 0.0036 (1) 0.6000 0.0070 (1) 1.15 0.0700 0.3730 — — — — — -0.3064 553.44
2026-09 149.1022 — — — — — 0.0379 — — — — — — 0.0379 553.48

every row: download h-months.csv.

CULT paid in and out

Payments from one account to another — not swaps, offers or pools, which are in their own articles.

Table 4. Every CULT payment by an account of Hodler's activation tree, or to one from outside it, by where it went and how large it was.

route size payments CULT smallest largest
Hodler's activation tree → everyone else under 30 CULT 26 64.843000 0.373000 7.770000
Hodler's activation tree → flow-connected to Hodler's activation tree 100 CULT or more 3 550 150 200
Hodler's activation tree → flow-connected to Hodler's activation tree 50 to 100 CULT 5 357 50 87
Hodler's activation tree → flow-connected to Hodler's activation tree under 30 CULT 1 10 10 10
Hodler's activation tree → flow-connected to Pheanor's activation tree under 30 CULT 7 21 1 6
Hodler's activation tree → flow-connected to both activation trees 100 CULT or more 2 200 100 100
Hodler's activation tree → flow-connected to both activation trees 50 to 100 CULT 1 75 75 75
Hodler's activation tree → flow-connected to both activation trees under 30 CULT 5 48 6 11
Pheanor's activation tree → Hodler's activation tree under 30 CULT 122 10.829841 0.006266 10
everyone else → Hodler's activation tree under 30 CULT 3 0.001691 0.000001 0.001689
flow-connected to Hodler's activation tree → Hodler's activation tree 50 to 100 CULT 1 83 83 83
flow-connected to both activation trees → Hodler's activation tree 100 CULT or more 1 100 100 100
flow-connected to both activation trees → Hodler's activation tree 50 to 100 CULT 1 60 60 60
flow-connected to both activation trees → Hodler's activation tree 30 to 50 CULT 1 40.002819 40.002819 40.002819

every row: download h-payments-by-route.csv.

293.834351 CULT arrived in Hodler's activation tree from 7 accounts outside it. Traced back through earlier transfers, first in, first out, as far as the nearest pool: had it passed through the other activation tree, or a flow-connected account, before the sender? If not, how did it enter circulation? The sender's own group is in its own column: an activation tree account that bought the CULT itself shows it as bought on a market.

Table 5. The CULT that arrived in Hodler's activation tree from outside, by where it had been before.

where the units had been before CULT share
sent on by a Pheanor activation tree account 0.829841 0.28%
sent on by a Hodler activation tree account 223.002819 75.89%
bought straight from a Hodler activation tree account's offer 0.000001 0.00%
passed through a flow-connected account reached from both activation trees 0.000001 0.00%
bought on a market; no activation tree or flow-connected account on its path 10.377256 3.53%
withdrawn from a pool by the account holding it 59.624433 20.29%

every row: download h-arrivals-traced.csv.

Table 6. Every account outside Hodler's activation tree that sent CULT into it, and where those units had been.

sender group CULT it sent into the activation tree had passed through an activation tree or a flow-connected account before the sender the rest: how it entered circulation
raZtxtzsThZMgSzLoeX5LFw57GwnN6niBi (flow-connected to both activation trees) flow-connected to both activation trees 200.002819 140.002819 withdrawn from a pool by the account holding it: 59.6227; bought on a market; no activation tree or flow-connected account on its path: 0.3773
r9d68a4UUDVUhbpGbaGJbSAhVc3SPABwJa (flow-connected to Hodler's activation tree) flow-connected to Hodler's activation tree 83 83 —
rJBQA7kvwWLTkLRNkAxz1eytCenf5g6q7Q (Pheanor) Pheanor's activation tree 10 0 bought on a market; no activation tree or flow-connected account on its path: 10
rhQFCsXDsma72eDCGaJ8mrSr2mkzsLSgWi (Pheanor, CULT reward program) Pheanor's activation tree 0.829841 0.829841 —
roBeyw1oDh4ax3ExsZibPPx2bf46AMXPH (received the whole OBEY issue) everyone else 0.001689 0 withdrawn from a pool by the account holding it: 0.0017
rKTP2TVFTSuM2YF2BNdhWZaprMEL6JMBEN everyone else 0.000001 0.000001 —
r95rmwFGBKB9vZKbYmBii7LN4VcjWruirv everyone else 0.000001 0.000001 —

every row: download h-arrivals-by-sender.csv.

The CULT any account of Hodler's activation tree paid to another account — inside the activation tree or out — traced forward under the same rule to where it is held now, or to the point it was sold or put into a pool: 1,242.842933. Each unit ends in exactly one row and is counted once, however many times it was paid on, which is why this is less than the payments in the route table added up.

Table 7. Where the CULT Hodler's activation tree paid out ended up.

where it ended up CULT share
held now by accounts flow-connected to Hodler's activation tree 654.348743 52.65%
sold on a market by accounts flow-connected to Hodler's activation tree 140.935495 11.34%
put into a pool by accounts flow-connected to both activation trees 95.672591 7.70%
sold on a market by accounts flow-connected to both activation trees 85.824571 6.91%
put into a pool by the activation tree itself 52.113040 4.19%
sold on a market by everyone else 49.851592 4.01%
held now by the activation tree itself 46.000000 3.70%
sold on a market by the activation tree itself 41.889779 3.37%
put into a pool by accounts flow-connected to Hodler's activation tree 23.515762 1.89%
put into a pool by everyone else 18.983610 1.53%
held now by accounts flow-connected to both activation trees 11 0.89%
put into a pool by accounts flow-connected to Pheanor's activation tree 7.662851 0.62%
held now by accounts flow-connected to Pheanor's activation tree 6 0.48%
sold on a market by accounts flow-connected to Pheanor's activation tree 5.449742 0.44%
held now by everyone else 2.095156 0.17%
held now by Pheanor's activation tree 1.500000 0.12%

every row: download h-paid-out-fate.csv.


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