1.0 Introduction

Definition of Whale

Whales are generally defined as users that has massive funds. For example, BTC holders are considered as whales with they have at least 1000 BTC. Using the same definition we can extrapolate the same definition to Whales that interacts with Sushiswap. We are defining these whales as users that has had at least 1000 ETH in their daily balances. Since ETH are one of the apex assets and are used to pay high gas fees on Ethereum, those who has at least these amount of ETH can be considered whales due to their gas bid power and purchasing power.

Result

The first chart shows the number of unique Whale address that has added LP position to Sushiswap. with Mode of 4 whales per day, and the highest number of whales at 9 unique address.

The second chart shows the number of whales removed their LP position from sushiswap. AT mode of 2 Whales per day, and the highest is at 4 whales removing liquidity per day.

Conclusion

For the past 60 days, the nett LP added and removed by whales are still nett positive as the amount of whales adding liquidity is still higher than those who removed.