# Hash Report

B. Pheanor

Pheanor's activation tree: OBEY supply

How much OBEY Pheanor'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 OBEY Pheanor's activation tree holds, how that grew, and where it came from. At ledger 107,030,551 the activation tree holds 0.963941 OBEY: 12.4% of all OBEY in existence.

Holdings over time

OBEY held by Pheanor's activation tree, each dayOBEY00.501.001.502025-012025-032025-052025-072025-092025-112026-012026-032026-052026-072026-09OBEY held by the activation treeOBEY held by the activation tree — 2024-11-09: 0.004666OBEY held by the activation tree — 2024-11-14: 0.022831OBEY held by the activation tree — 2024-11-21: 0.057880473837OBEY held by the activation tree — 2024-11-27: 0.23575231865OBEY held by the activation tree — 2024-12-03: 0.23576031865OBEY held by the activation tree — 2024-12-08: 0.23577031865OBEY held by the activation tree — 2024-12-13: 0.18439831865OBEY held by the activation tree — 2024-12-18: 0.16879531865OBEY held by the activation tree — 2024-12-23: 0.09290731865OBEY held by the activation tree — 2024-12-28: 0.109951422434OBEY held by the activation tree — 2025-01-02: 0.123897422434OBEY held by the activation tree — 2025-01-08: 0.135778422434OBEY held by the activation tree — 2025-01-13: 0.137673054278OBEY held by the activation tree — 2025-01-19: 0.146769054278OBEY held by the activation tree — 2025-01-25: 0.173995330697OBEY held by the activation tree — 2025-02-02: 0.170892330697OBEY held by the activation tree — 2025-02-10: 0.178482330697OBEY held by the activation tree — 2025-02-15: 0.266995553704OBEY held by the activation tree — 2025-02-20: 0.535187146632OBEY held by the activation tree — 2025-02-25: 0.560442238499OBEY held by the activation tree — 2025-03-03: 0.559388127243OBEY held by the activation tree — 2025-03-08: 0.577831458931OBEY held by the activation tree — 2025-03-13: 0.668375015801OBEY held by the activation tree — 2025-03-18: 0.68524219929OBEY held by the activation tree — 2025-03-23: 0.697846197513OBEY held by the activation tree — 2025-03-30: 0.729218145557OBEY held by the activation tree — 2025-04-04: 0.734582030136OBEY held by the activation tree — 2025-04-10: 0.867066884704OBEY held by the activation tree — 2025-04-15: 0.870700132241OBEY held by the activation tree — 2025-04-20: 0.880427442345OBEY held by the activation tree — 2025-04-25: 0.927821606494OBEY held by the activation tree — 2025-04-30: 0.926598725452OBEY held by the activation tree — 2025-05-06: 0.901070378496OBEY held by the activation tree — 2025-05-11: 0.843932959056OBEY held by the activation tree — 2025-05-16: 1.6383OBEY held by the activation tree — 2025-05-21: 1.1156OBEY held by the activation tree — 2025-05-26: 1.0761OBEY held by the activation tree — 2025-05-31: 1.0963OBEY held by the activation tree — 2025-06-05: 1.1115OBEY held by the activation tree — 2025-06-10: 1.1318OBEY held by the activation tree — 2025-06-18: 1.1843OBEY held by the activation tree — 2025-06-23: 1.1911OBEY held by the activation tree — 2025-06-28: 1.1162OBEY held by the activation tree — 2025-07-03: 1.4236OBEY held by the activation tree — 2025-07-08: 1.417OBEY held by the activation tree — 2025-07-13: 1.3872OBEY held by the activation tree — 2025-07-18: 1.4123OBEY held by the activation tree — 2025-07-24: 1.4262OBEY held by the activation tree — 2025-07-29: 1.4912OBEY held by the activation tree — 2025-08-03: 1.4822OBEY held by the activation tree — 2025-08-08: 1.4374OBEY held by the activation tree — 2025-08-13: 1.425OBEY held by the activation tree — 2025-08-18: 1.4766OBEY held by the activation tree — 2025-08-23: 1.3742OBEY held by the activation tree — 2025-08-29: 1.3882OBEY held by the activation tree — 2025-09-04: 1.4177OBEY held by the activation tree — 2025-09-09: 1.3883OBEY held by the activation tree — 2025-09-17: 1.3668OBEY held by the activation tree — 2025-09-22: 1.3607OBEY held by the activation tree — 2025-09-28: 1.3449OBEY held by the activation tree — 2025-10-09: 1.3225OBEY held by the activation tree — 2025-10-15: 1.3736OBEY held by the activation tree — 2025-10-21: 1.406OBEY held by the activation tree — 2025-10-27: 1.3315OBEY held by the activation tree — 2025-11-07: 1.2808OBEY held by the activation tree — 2025-11-18: 1.2696OBEY held by the activation tree — 2025-11-28: 1.2532OBEY held by the activation tree — 2025-12-06: 1.2434OBEY held by the activation tree — 2025-12-12: 1.2268OBEY held by the activation tree — 2025-12-22: 1.2159OBEY held by the activation tree — 2026-01-01: 1.1878OBEY held by the activation tree — 2026-01-06: 1.1666OBEY held by the activation tree — 2026-01-11: 1.1424OBEY held by the activation tree — 2026-01-26: 1.1154OBEY held by the activation tree — 2026-02-04: 1.0704OBEY held by the activation tree — 2026-02-22: 1.0659OBEY held by the activation tree — 2026-03-01: 1.0369OBEY held by the activation tree — 2026-03-16: 1.0849OBEY held by the activation tree — 2026-03-31: 1.0618OBEY held by the activation tree — 2026-04-13: 1.0176OBEY held by the activation tree — 2026-04-23: 1.0004OBEY held by the activation tree — 2026-05-04: 0.990235742652OBEY held by the activation tree — 2026-05-13: 0.967748938642OBEY held by the activation tree — 2026-05-28: 0.931224528642OBEY held by the activation tree — 2026-06-09: 1.0644OBEY held by the activation tree — 2026-06-17: 1.0427OBEY held by the activation tree — 2026-06-26: 1.0137OBEY held by the activation tree — 2026-07-04: 0.985124586777OBEY held by the activation tree — 2026-07-10: 0.996459297424OBEY held by the activation tree — 2026-07-25: 0.952173337424OBEY held by the activation tree — 2026-08-07: 1.0084OBEY held by the activation tree — 2026-09-13: 0.972836418822OBEY held by the activation tree — 2026-09-16: 0.9639407688220.96OBEY held by the activation tree
The OBEY in all the activation tree's accounts together at the end of each day it changed.
Pheanor's activation tree: share of all OBEY in existence%05.001015202025-012025-032025-052025-072025-092025-112026-012026-032026-052026-072026-09share of all OBEY, %share of all OBEY, % — 2024-11-09: 0.00000066947share of all OBEY, % — 2024-11-14: 0.330884048778share of all OBEY, % — 2024-11-21: 0.838847631782share of all OBEY, % — 2024-11-27: 3.4167share of all OBEY, % — 2024-12-03: 3.4168share of all OBEY, % — 2024-12-08: 3.417share of all OBEY, % — 2024-12-13: 2.7169share of all OBEY, % — 2024-12-18: 2.487share of all OBEY, % — 2024-12-23: 1.3689share of all OBEY, % — 2024-12-28: 1.62share of all OBEY, % — 2025-01-02: 1.8255share of all OBEY, % — 2025-01-08: 2.0006share of all OBEY, % — 2025-01-13: 2.0285share of all OBEY, % — 2025-01-19: 2.1625share of all OBEY, % — 2025-01-25: 2.5636share of all OBEY, % — 2025-02-02: 2.5179share of all OBEY, % — 2025-02-10: 2.6298share of all OBEY, % — 2025-02-15: 3.934share of all OBEY, % — 2025-02-20: 7.8855share of all OBEY, % — 2025-02-25: 8.2577share of all OBEY, % — 2025-03-03: 8.2422share of all OBEY, % — 2025-03-08: 8.5139share of all OBEY, % — 2025-03-13: 9.848share of all OBEY, % — 2025-03-18: 10.0966share of all OBEY, % — 2025-03-23: 10.2823share of all OBEY, % — 2025-03-30: 10.7445share of all OBEY, % — 2025-04-04: 10.8235share of all OBEY, % — 2025-04-10: 12.7756share of all OBEY, % — 2025-04-15: 12.8292share of all OBEY, % — 2025-04-20: 12.9725share of all OBEY, % — 2025-04-25: 13.6708share of all OBEY, % — 2025-04-30: 13.6528share of all OBEY, % — 2025-05-06: 13.2766share of all OBEY, % — 2025-05-11: 12.4348share of all OBEY, % — 2025-05-16: 21.0537share of all OBEY, % — 2025-05-21: 14.3361share of all OBEY, % — 2025-05-26: 13.8282share of all OBEY, % — 2025-05-31: 14.0881share of all OBEY, % — 2025-06-05: 14.2836share of all OBEY, % — 2025-06-10: 14.5449share of all OBEY, % — 2025-06-18: 15.2189share of all OBEY, % — 2025-06-23: 15.3064share of all OBEY, % — 2025-06-28: 14.3442share of all OBEY, % — 2025-07-03: 18.2942share of all OBEY, % — 2025-07-08: 18.2099share of all OBEY, % — 2025-07-13: 17.8278share of all OBEY, % — 2025-07-18: 18.1503share of all OBEY, % — 2025-07-24: 18.3277share of all OBEY, % — 2025-07-29: 19.1639share of all OBEY, % — 2025-08-03: 19.0477share of all OBEY, % — 2025-08-08: 18.4722share of all OBEY, % — 2025-08-13: 18.3135share of all OBEY, % — 2025-08-18: 18.9762share of all OBEY, % — 2025-08-23: 17.6608share of all OBEY, % — 2025-08-29: 17.8396share of all OBEY, % — 2025-09-04: 18.2194share of all OBEY, % — 2025-09-09: 17.8408share of all OBEY, % — 2025-09-17: 17.5654share of all OBEY, % — 2025-09-22: 17.4867share of all OBEY, % — 2025-09-28: 17.2842share of all OBEY, % — 2025-10-09: 16.9961share of all OBEY, % — 2025-10-15: 17.6524share of all OBEY, % — 2025-10-21: 18.0684share of all OBEY, % — 2025-10-27: 17.1113share of all OBEY, % — 2025-11-07: 16.4597share of all OBEY, % — 2025-11-18: 16.3157share of all OBEY, % — 2025-11-28: 16.1059share of all OBEY, % — 2025-12-06: 15.9789share of all OBEY, % — 2025-12-12: 15.7662share of all OBEY, % — 2025-12-22: 15.6254share of all OBEY, % — 2026-01-01: 15.2644share of all OBEY, % — 2026-01-06: 14.993share of all OBEY, % — 2026-01-11: 14.6809share of all OBEY, % — 2026-01-26: 14.3347share of all OBEY, % — 2026-02-04: 13.7555share of all OBEY, % — 2026-02-22: 13.6988share of all OBEY, % — 2026-03-01: 13.3257share of all OBEY, % — 2026-03-16: 13.943share of all OBEY, % — 2026-03-31: 13.6453share of all OBEY, % — 2026-04-13: 13.0781share of all OBEY, % — 2026-04-23: 12.8576share of all OBEY, % — 2026-05-04: 12.7271share of all OBEY, % — 2026-05-13: 12.4381share of all OBEY, % — 2026-05-28: 11.9687share of all OBEY, % — 2026-06-09: 13.6803share of all OBEY, % — 2026-06-17: 13.4012share of all OBEY, % — 2026-06-26: 13.0297share of all OBEY, % — 2026-07-04: 12.6624share of all OBEY, % — 2026-07-10: 12.8081share of all OBEY, % — 2026-07-25: 12.2388share of all OBEY, % — 2026-08-07: 12.9613share of all OBEY, % — 2026-09-13: 12.5044share of all OBEY, % — 2026-09-16: 12.390112share of all OBEY, %
The activation tree's holding as a percentage of every OBEY in existence.

Who holds it

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

account holds OBEY now share of all OBEY rank among all holders OBEY its LP tokens can take out
rJBQA7kvwWLTkLRNkAxz1eytCenf5g6q7Q (Pheanor) 0.850290 10.93% 3 0
rhQFCsXDsma72eDCGaJ8mrSr2mkzsLSgWi (Pheanor, CULT reward program) 0.045293 0.58% 16 0.000142
rMt3jmRENVnzjTrDcqmQ9hBkX72W3vCREq (Pheanor) 0.016178 0.21% 32 0.005652
rNc72b58dK85vngwSdR7BxHV8u438Rccgh (Pheanor activation tree, generation 1) 0.012662 0.16% 38 0.005278
rhhbADpbVmUuG4sNWHkCpggLeXRcpN1VPG (Pheanor activation tree, generation 1) 0.010438 0.13% 42 0.004195
rwXtqbb49G4eDyikLv77JEHCx25eH3pCsx (Pheanor, CULT Treasury) 0.005417 0.07% 55 0.009059
r9LXucbnVPniyunxWrbdyBuGbb6rLM9pJq (Pheanor activation tree, generation 1) 0.005411 0.07% 56 0.004184
rQDmCe8kMbVPH3JVwsggg3aU3foR4ughKM (Pheanor activation tree, generation 1) 0.004812 0.06% 60 0.001858
rnjTZ1MDMTunZtpJCH5vXvUamXz8Wtbe7u (Pheanor activation tree, generation 1) 0.004053 0.05% 63 0
rEF878AyJT8rqNZyTXDAhydu1wD6nTQe7 (Pheanor activation tree, generation 1) 0.003086 0.04% 68 0.002162
rP1Q3iqpn3jmaDybno6GUegPqn8TnDDeRz (Pheanor activation tree, generation 1) 0.002903 0.04% 70 0
rsX5cvn3QeoqyQkeMc4J72gxKBG47YH7Ju (Pheanor activation tree, generation 1) 0.002451 0.03% 74 0.004195
rDBJA5gpY9SQGaEhApBTu1RDJEZE4KhRqM (Pheanor activation tree, generation 2) 0.000702 0.01% 108 0.000988
rUUc9sSWUNK32U45P1hWyc1QsBV1R4s6QB (Pheanor activation tree, generation 1) 0.000244 0.00% 140 0.000287

every row: download obey-p-holdings.csv.

Where it came from

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

where the units had been OBEY share
passed through both activation trees 0.001136 0.12%
sent on by a Pheanor activation tree account 0.079792 8.28%
passed through a flow-connected account reached from Pheanor's activation tree 0.037446 3.88%
bought on a market; no activation tree or flow-connected account on its path 0.347290 36.03%
withdrawn from a pool by the account holding it 0.481232 49.92%
received straight from the issuer 0.017044 1.77%

every row: download obey-p-origins.csv.

Month by month

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

month XRP per OBEY 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
2024-10 — 3 — — — — — — — — — — — 0 0
2024-11 1,007.9829 3 — — — — 0.0624 — — — 0.0275 0.0314 0.1695 0.2358 0.2358
2024-12 6,687.0493 — 0.0155 (3) 114.99 — — 0.0470 — — — 0.1819 0.0031 — -0.1163 0.1195
2025-01 8,007.6381 9 0.0345 (5) 195.00 — — 0.0562 0.0043 0.0150 — 0.0407 — — 0.0457 0.1652
2025-02 5,697.0485 2 0.2707 (46) 1,472.95 — — 0.0239 0.0168 0.2500 — 0.0097 0.1219 — 0.3899 0.5551
2025-03 5,408.0712 4 0.0887 (26) 482.48 0.0093 (1) 52.33 0.0290 — 0.0100 — 0.0171 0.0639 0.0197 0.1748 0.7299
2025-04 5,398.8856 — 0.0265 (19) 144.03 0.0162 (3) 84.99 0.0202 0.1500 0.1000 — 0.0037 0.2831 0.0366 0.1967 0.9266
2025-05 3,194.4204 — 0.5478 (37) 695.38 0.3979 (14) 1,388.29 0.1888 0.6400 0.5542 — 0.8819 1.21 0.1423 0.1697 1.10
2025-06 4,672.6245 — 0.0704 (34) 303.39 0.1385 (13) 606.87 0.0391 0.0110 0.1000 — 0.0152 0.2257 0.0158 0.1863 1.28
2025-07 4,530.9358 5 0.1307 (54) 762.90 0.1578 (18) 937.92 0.0338 0.0081 0.0120 0.0679 0.1279 0.3631 0.0415 0.2073 1.49
2025-08 4,091.6333 6 0.0882 (39) 366.47 0.0410 (12) 167.60 0.0100 0.0604 0.1254 — 0.1335 0.0302 — -0.1065 1.38
2025-09 3,814.2388 — 0.1205 (34) 471.20 0.0819 (9) 321.06 — 0.0980 0.1488 — 0.0074 0.0285 — -0.0383 1.34
2025-10 5,164.9868 — 0.0412 (19) 229.17 0.0724 (9) 341.76 — 0.2247 0.2394 — 0.1070 0.2880 0.0444 -0.0306 1.31
2025-11 4,288.5263 1 0.0162 (6) 79.33 0.0454 (6) 224.96 0.0180 0.0699 0.0057 — 0.0047 — 0.0247 -0.0611 1.25
2025-12 3,961.0161 1 0.0227 (12) 92.09 0.0069 (1) 27.04 — 0.0918 0.0957 0.0150 0.0368 0.0665 — -0.0614 1.19
2026-01 3,869.6884 — 0.0156 (7) 61.40 0.0115 (2) 43.98 — 0.0586 0.0931 — 0.0497 — — -0.1043 1.09
2026-02 3,491.8327 1 0.0046 (2) 16.33 0.0601 (4) 215.28 — 0.0550 0.0968 — — 0.0203 0.0484 -0.0419 1.05
2026-03 3,653.6983 — 0.0921 (2) — — — — 0.0760 0.0911 — — — — 0.0161 1.06
2026-04 3,522.3398 — 0.0143 (9) 49.49 — — — 0.0886 0.0909 — — 0.0205 — -0.0538 1.01
2026-05 3,425.8898 — 0.0042 (4) 14.56 — — — 0.0809 0.0007 — — — — -0.0768 0.9312
2026-06 3,838.9273 — 0.1321 (20) 155.56 0.0182 (3) 82.59 — 0.0769 0.1805 — 0.1170 0.0839 0.0676 0.0715 1.00
2026-07 3,638.2594 — 0.0644 (3) 3.33 0.0057 (1) 22.31 — 0.0972 0.0009 — — — 0.0338 -0.0048 0.9980
2026-08 3,315.7898 — 0.0209 (2) 20 — — — 0.0104 <0.0001 — — — — 0.0104 1.01
2026-09 2,860.5971 — — — — — — 0.0444 0.0903 — — — — -0.0444 0.9639

every row: download obey-p-months.csv.

OBEY paid in and out

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

Table 4. Every OBEY payment by an account of Pheanor's activation tree, or to one from outside it, by where it went.

route size payments OBEY smallest largest
Hodler's activation tree → Pheanor's activation tree any size 2 0.028000 0.010000 0.018000
Pheanor's activation tree → Hodler's activation tree any size 47 0.251325 0.00000014 0.250000
Pheanor's activation tree → everyone else any size 10,187 0.670169 0.000000000011 0.055000
Pheanor's activation tree → flow-connected to Pheanor's activation tree any size 1,755 0.899590 0.00000016 0.300000
Pheanor's activation tree → flow-connected to both activation trees any size 311 0.142282 0.0000001 0.002081
everyone else → Pheanor's activation tree any size 1,600 0.344808 0.000001 0.002826
flow-connected to Pheanor's activation tree → Pheanor's activation tree any size 2 0.155499 0.045499 0.110000
inside Pheanor's activation tree any size 1,395 2.300459 0.00000027 0.120000

every row: download obey-p-payments-by-route.csv.

The tracing of OBEY payments into and out of the activation tree, sender by sender, is set out for CULT only; for OBEY the payments above are the record. Where the OBEY the activation tree holds now came from is traced above.

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