We just added trailing 0s and trailing 9s to the Deezy Circulation Api. Check it out!
api.deezy.io/v1/sat-hunting/…
api.deezy.io/v1/sat-hunting/…
Chart 2/4: Breakdown by hunter type
Miners have steadily increased their share of uncommons found and are now sequestering the majority.
I bucket entities into 3 buckets. A "hunter" is an entity that cycles through BTC, sequestering rare sats with each new shuffle. This is most commonly done with an exchange (e.g. Binance, Coinbase). I draw a line in the sand and say you need 100 transactions of sequestering and sending BTC back to the same address to be counted in this category.
In the future I'll do a deeper dive into the "other" category. Some people think that the exchanges are sequestering like crazy and both my experience and this chart shows that's probably not true.
Chart 4/4: Breakdown of hunter activity
Here are some cuts of the "hunter" category mentioned earlier (someone who cycles through BTC over and over).
Hunting activity reached its peak around Q1 2024. The amount of BTC cycled with almost touched 300,000 in a month! 🤯
Similar to what we saw earlier, these charts show we're reaching a steady state / equilibrium with hunting activity.
Time to look at rare sat hunting activity
Chart 1/4: Uncommon sequester activity over time
(Definition: to sequester a sat is to find and deliberately set it aside)
We see a good amount of variability with hunting in the early months, culminating in a peak in Q1 2024. Seems like we've reached a steady state at this point. I expect the sequester rate to decrease over time as the circulating supply gets hunted over
Why uncommons only? They're an easy proxy for rare sats as a whole. As you'll see later in this thread, mined uncommons comprise a healthy percentage of the sequestered uncommons. At some point I'll do another post looking at pre-2023 uncommons which miners weren't able to get their hands on.
Uncommons are getting swept and there’s some healthy chatter about subrarities (h/t @Jayyysats). Time to look at the supply of several of these categories:
- Trailing zeros
- Unique digits
- Palindromic
Before we begin, mined uncommons as of today: 872,296
Some pretty interesting stuff 👇
We're planning on adding this to the Deezy Circulation API so you can play around with the permutations yourselves. Stay tuned!
update: see below for black uncommon trailing 9s
15 9s: 1 (0)
14: 18 (2)
13: 176 (12)
12: 1,769 (126)
11: 17,769 (1,204)
10: 177,823 (12,223)
9: 197,994 (13,803)
8: 185,988 (15,830)
7: 161,977 (17,919)
6: 113,954 (19,603)
5: 17,908 (2,194)
The sat with 15 9s is 999999999999999 and is sitting on a ~82 BTC utxo that moved 12 weeks ago 👀
mempool.space/tx/981c60bc5d4…
What's good everyone. I'm gonna have a lot more time coming up - what are folks interested in re rare sats?
Palindromic
(Is the set of numbers before the trailing zeros a palindrome)
Only 1,867 are palindromic (117 sequestered)
Usually I disassociate price from my appreciation of an ordinals collection, but in the case of @Commoners_ I get stoked every time I see people buying. It’s such an under-appreciated collection
2009 alpha and omegas are now tracked via our circulation API. that's 3,249,000 of 90,903,035 individual sats we're tracking. not easy!
see link below for example
api.deezy.io/v1/sat-hunting/…