STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 5/31/19

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·@taskmaster4450·
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STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 5/31/19
I last reported the numbers in a post that covered through April 30th, 2019.

https://busy.org/@taskmaster4450/steem-whales-are-losing-their-power-the-system-is-not-broken-report-through-4-30-19

Each month I monitor what is going on with new accounts and the amount of MVests in each category. I do this to determine what trends are taking place.

Now that we are at end of month, time to post the numbers again.

I want to thank @arcange for the work done each day compiling these numbers and making the charts.

We have 3 months worth of data for analysis purposes to see how the 90 trend might be.

The first chart is from August of 2017, the month I started on Steem. It is placed here to provide some contrast to see how things are changing over a longer period of time.

Here is the breakdown.

8/1/2017

![image.png](https://ipfs.busy.org/ipfs/QmTqYQggdMfyUA5sSb9yvbbwFsx57etKXAJ4J2vrPnspfF)

The total MVests here is 336,932.

On a percentage basis:

Whales 75.44%
Orcas 14.86%
Dolphins 7.16%
Minnows 2.14%
Red Fish .01%
Inactive .40%

3/31/2019

![image.png](https://ipfs.busy.org/ipfs/QmXVnLTGrNmRACec6tiv4DUrTYKd37v4enuRAUKh3L1F3v)


The total MVests here is 396,322.

On a percentage basis:

Whales 53.36%
Orcas 22.58%
Dolphins 13.56%
Minnows 7.00%
Red Fish 1.06%
Inactive 2.44%

The change over that time period is as such:



Whales -3.28%
Orcas +1.48%
Dolphins +1.95%
Minnows +2.64%
Red Fish 0%
Inactive +1.67%

4/30/2019

![image.png](https://ipfs.busy.org/ipfs/QmY7u7XJxnnwrqEc6QWg17vAWMCRs3fDYUnM3hw2c4baSV)

The total MVests here is 393,784.

On a percentage basis:

Whales 53.16%
Orcas 22.11%
Dolphins 14.09%
Minnows 7.10%
Red Fish 1.05%
Inactive 2.48%

The change over that time period is as such:



Whales -.37%
Orcas -2.13%
Dolphins +3.91%
Minnows +1.42%
Red Fish -.94%
Inactive +2.48%

5/31/2019

![image.png](https://ipfs.busy.org/ipfs/QmcDaXzmByzgbhbLxeXDk8v8ZEeb9GCJc9eYn4WAbRZ4Pt)

The total MVests here is 395,372.

On a percentage basis:

Whales 52.54%
Orcas 22.57%
Dolphins 14.26%
Minnows 7.11%
Red Fish 3.52% (includes the inactive from before)

The change over that time period is as such:



Whales -.1.14%
Orcas +2.08%
Dolphins +1.21%
Minnows +.14%
Red Fish -.28%

The latest charts can be found here.

https://www.steempeak.com/statistics/@arcange/steem-statistics-20190531-en

To start: The system is working as designed.

The Whales are losing power.

There are now 11,765 accounts who qualify as either Minnow or higher. It was only a few months back when the total accounts above the approximate 500 SP (level to be a Minnow) was under 10K.

On March 31, 2019, the Whales and Orcas had 300,984 MVests (75.94% of the total).  On April 30, 2019, 296,454 MVests (75.28% of the total)...a decrease of .87%.  On May 31, 2019, 296,976 (75.11% of the total)...a decrease of .23%.

The Dolphins and Orcas were the big movers.  It was a flat month for the Minnows and Red Fish.  Whales continued to lose power in both total of MVests and percentage of the stake.

Last month was the first in a long time that the total MVest for Whales and Orcas was under 300K.  This month is remained there.  We are also moving towards those two accounts controlling less than 75% of the stake.  While this is still tilted heavily in their favor, it does show a radical transition from when I joined Steem.

You will also notice a change in the charts that @arcange did.  There is no longer a separate account for Inactives.  
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![image.png](https://ipfs.busy.org/ipfs/QmPvBkjBFuAKHQR7MacQ1679NryWNG5ZexgaPZdUmTo4so)


![image.png](https://ipfs.busy.org/ipfs/QmYRwbaYkV7kubaAqefvGi6kxW25EdzUdZRP8XWsRWXKTj)
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