B. Pheanor

Pheanor's activation tree: CULT supply

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

Published

October 2, 2026

Ledger index

107030551

Contents

• Holdings over time
• Who holds it
• Where it came from
• Month by month
• CULT paid in and out

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 Pheanor's activation tree holds, how that grew, and where it came from. At ledger 107,030,551 the activation tree holds 2,054.2475 CULT: 29.5% of all CULT in existence.

Holdings over time

Who holds it

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

every row: download p-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.

every row: download p-origins.csv.

Month by month

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

every row: download p-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 Pheanor's activation tree, or to one from outside it, by where it went and how large it was.

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

447.019066 CULT arrived in Pheanor's activation tree from 9 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 Pheanor's activation tree from outside, by where it had been before.

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

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

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

The CULT any account of Pheanor'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: 3,162.035843. 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 Pheanor's activation tree paid out ended up.

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

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