- What is a whale?
- A whale is an address holding a large share of the total supply — here, at least 0.1%, roughly the long-standing 100,000-coin convention. It's a relative cutoff, so it scales with the chain as supply grows rather than staying a fixed coin count.
- When is a whale accumulating or distributing?
- We add up each whale's net flow over the last 7 days — coins received minus sent (minus fees). A whale is accumulating when that net is positive (it took in more than it sent out) and distributing when it's negative. A whale that didn't transact counts as neither — so on a quiet chain both tallies can read zero.
- What does the headline percentage mean?
- The big number is the whole cohort's 7-day net flow; the percentage next to it expresses that flow as a share of the whales' combined balance. That keeps it honest — a modest reshuffle inside a huge cohort reads as roughly flat instead of looking dramatic.
- Why exchanges are excluded
- Custodial exchange walletsare left out of the whale cohort. They hold pooled customer funds, not one person's position, so including them would swamp the signal with deposits and withdrawals that don't reflect individual conviction.
- Whale dominance
- What share of the total supplythe whale cohort holds, plus the average balance per whale. Custodial exchange balances are excluded from the whale total but still counted in the supply they're measured against — so it reads "how much of all coins sit with individual large holders".
- Whale ↔ exchange flow
- Net coins moving between whales and labeled exchanges over the selected window (7d, 30d, 1y or all-time). Withdrawals (off exchanges) read as accumulation; deposits (onto exchanges) read as distribution. It relies on curated exchange labels, so it's blank where none are labeled yet — and a recent window can be empty while history is still backfilling.
- Biggest movers
- The largest accumulators and distributors by net flow over the window — who actually moved coins, not just who holds the most. For the by-balance ranking see the richlist.
- Biggest transfers
- The largest single transfers in the selected time window, five per page. This is a transfer lens — it shows every big transfer, including those touching exchanges, regardless of who sent them.
- Live whale feed
- The newest high-value transfers as they're indexed, refreshed every 30 seconds at the head.
- USD estimates
- Dollar figures use the live QRL spot price as a proxy — a rough scale, not an exact valuation (QRL 2.0 has no market yet).