How To Interpret On-Chain Data Analysis: Active Addresses, Whale Movements, And Transaction Volumes?

Active addresses increase by 86% in the last 30 days

Qubic's network activity has witnessed a remarkable surge in recent times, with active addresses climbing by 86% over the last 30 days. This significant growth coincides with Qubic's controversial claims of achieving dominance over more than 50% of Monero's hashrate, which has sparked intense debate within the cryptocurrency community. The dramatic increase in user engagement signals growing interest in this relatively new cryptocurrency, which was launched in 2022.

The relationship between hashrate dominance and address activity can be observed in the following data:

| Metric | Change (30 Days) | Related Development | |--------|------------------|---------------------| | Active Addresses | +86% | Coincides with 51% hashrate claims | | Trading Volume | $6.54M (24h) | Despite 0.69% price decrease | | Price Performance | +32.42% | 7-day growth despite controversy |

Despite the ongoing disputes regarding Qubic's hashrate claims, with some sources like Reddit threads categorically stating "Qubic is lying," the network continues to attract new participants. The Odaily report confirms Qubic's experiment aimed at achieving 51% dominance of the Monero network's hashrate, resulting in the mining of six blocks. This technical milestone, whether accurately represented or not, appears to have catalyzed significant interest in Qubic's ecosystem, translating directly to increased network participation as evidenced by the substantial growth in active addresses.

Whale movements: Top 10 holders control 45% of QUBIC supply

Recent analysis of QUBIC's token distribution reveals a significant concentration of wealth, with the top 10 holders now controlling approximately 45% of the total supply. This whale ownership has increased dramatically, approaching nearly half of all available tokens. Such concentration creates potential market implications that investors should carefully consider.

The distribution pattern shows a stark contrast between major holders and retail investors:

| Holder Category | Percentage Control | Impact on Market | |-----------------|-------------------|------------------| | Top 10 Whales | 45% | High price volatility potential | | Other Investors | 55% | Reduced liquidity in circulation |

This concentration gives these major holders substantial influence over QUBIC's price movements. When a small group controls such a large percentage of tokens, their trading decisions can trigger significant market swings. Historical data from similar cryptocurrencies demonstrates that when whale ownership exceeds 40%, price volatility typically increases by 25-35%.

The founder's social media statements about controlling majority network hash rate further complicates this picture. With QUBIC's current market cap of approximately $380 million and daily trading volume around $6.5 million according to recent data, these large holders could potentially move markets with relatively modest transactions. Investors should monitor wallet movements closely as they represent a critical factor in predicting QUBIC's future price trajectory.

Transaction volume surges to $6.5 million in 24 hours

Qubic has witnessed a remarkable surge in trading activity, with its 24-hour transaction volume reaching an impressive $6.5 million. This significant increase coincides with Qubic's controversial majority control of Monero's hashrate, essentially executing what many experts describe as a 51% attack on the privacy-focused blockchain. The trading volume demonstrates strong market interest following this technical demonstration that sent shockwaves through the cryptocurrency community.

The market reaction to Qubic's takeover demonstration is clearly reflected in the following performance metrics:

| Metric | Value | Change | |--------|-------|--------| | 24h Trading Volume | $6.5 million | -20.69% daily change | | Price | $0.00000308 | -0.69% in 24h | | 7-day Growth | +32.42% | Significant uptrend | | 30-day Growth | +86.78% | Strong momentum |

Qubic's founder, Come-from-Beyond (CFB), leveraged the project's Useful Proof of Work (uPoW) framework to demonstrate this capability. The technical achievement has attracted substantial attention from investors, despite causing concern in the Monero community. With a market cap exceeding $380 million and consistently increasing trading volumes, Qubic has established itself as a notable player in the cryptocurrency market. The project's growing liquidity further validates its technological approach, despite the controversial nature of the demonstration that triggered this trading volume spike.