A. The market

The CULT Treasury

Everything the account labelled CULT Treasury did: what it holds, where it came from, its LP tokens and what its pool actions did to the price.

Published

October 2, 2026

Ledger index

107030551

Contents

• Its part in Pheanor's activation tree's single-asset CULT moves
• Its purposes over time
• At a glance
• Holdings over time
• Where its CULT came from
• What its pool actions did to the price
• LP tokens
• Who it paid, and who paid it
• Every action

The account labelled CULT Treasury, rwXtqbb49G4eDyikLv77JEHCx25eH3pCsx (Pheanor, CULT Treasury), is one of the wallets at the top of Pheanor's activation tree, and Pheanor publicly names it as his own, the “CULT CTO Treasury”. It is his wallet on his own public word. This article follows it on its own: what it holds, how it got it, what it did in the pools and what that did to the price, and who it paid and was paid by.

Its part in Pheanor's activation tree's single-asset CULT moves

Taking CULT alone out of the CULT/XRP pool — a single-asset withdrawal — raises the pool price as buying that CULT would; putting CULT alone in lowers it as selling would. Pheanor's activation tree withdrew CULT alone 1,073 times, moves that multiplied to ×26.585; 347 of them were the Treasury's, multiplying to ×3.383. The Treasury also put CULT alone in 175 times, multiplying to ×0.298, so its single-asset moves net to ×1.008.

Table 1. Pheanor's activation tree's single-asset moves of CULT in the CULT/XRP pool: the Treasury's and the rest of the activation tree's, withdrawals and deposits side by side, and the net.

every row: download treasury-share-of-withdrawals.csv.

Its purposes over time

Pheanor publicly names this wallet as his, and on his word it was his before it served as the CULT CTO Treasury, so its record mixes more than one use. What it did falls into its reward payouts — the payments whose memo names a reward — and its own activity: everything else it signed. The table keeps the two apart, kind by kind, with when each began and ended. The memos on its own activity name only the app it was signed with, not a purpose.

Table 2. Every transaction this wallet signed, by kind, reward payouts apart from its own activity.

every row: download purposes-rwXtqbb49G4eDyikLv77JEHCx25eH3pCsx.csv.

At a glance

Table 3. The Treasury account now.

every row: download treasury-now.csv.

Holdings over time

Where its CULT came from

Table 4. The CULT the Treasury holds, by how it reached the account, traced first in, first out.

every row: download treasury-origins.csv.

Table 5. Every change in the Treasury's CULT, by what caused it.

every row: download treasury-causes.csv.

Table 6. Every change in the Treasury's OBEY, by what caused it.

every row: download obey-treasury-causes.csv.

What its pool actions did to the price

Table 7. The Treasury in the CULT/XRP pool: every kind of transaction, and its effect on CULT's price, up to the peak and over the pool's whole life.

every row: download treasury-price-effect.csv.

Table 8. Every Treasury transaction that changed the CULT/XRP pool's price.

every row: download treasury-price-moves.csv.

Table 9. The Treasury in the OBEY/XRP pool: every kind of transaction, and its effect on OBEY's price, up to the peak and over the pool's whole life.

every row: download obey-treasury-price-effect.csv.

Table 10. Every Treasury transaction that changed the OBEY/XRP pool's price.

every row: download obey-treasury-price-moves.csv.

LP tokens

Table 11. The Treasury's LP tokens now.

every row: download treasury-lp.csv.

Who it paid, and who paid it

Table 12. Every account the Treasury paid or was paid by, and in what.

every row: download treasury-payments.csv.

Every action

Table 13. Everything the Treasury did, read from its own balance changes.