Supply Held by Octopus (100-500 ICP)

Supply Held by Octopus (100–500 ICP) measures the total amount of ICP held by addresses with balances between 100 and 500 ICP. This tier represents the first range where holdings become consistently meaningful at a retail level, often associated with small but active participants, developing retail positions, or wallets with a deliberate allocation rather than residual or incidental balances.

How it’s calculated

All addresses holding at least 100 ICP and less than 500 ICP are aggregated, and their combined balance forms this metric. Each address is counted once, regardless of activity level, transaction volume, or whether it is frequently used.

What this metric highlights

This tier marks a shift from early entry balances into the first range of recognizably structured participation, helping illustrate how supply starts consolidating into more relevant wallet sizes:

• Increasing supply held: Can indicate growing accumulation by smaller retail or operational holders, or upward migration from lower tiers.
• Stable supply held: Suggests consistency in mid-to-small retail presence, without significant redistribution.
• Declining supply held: May signal movement toward higher tiers, consolidation into fewer wallets, or distribution.

Limitations

To maintain an accurate interpretation, several boundaries should be kept in mind:

• Activity is not implied: Addresses may hold meaningful balances but remain dormant or infrequently used.
• Identity cannot be confirmed: Wallets may belong to individuals, services, custody scripts, or operational structures, not strictly “retail.”
• Movement across tiers is non-directional: Growth or reduction in this bracket does not, on its own, indicate sentiment or accumulation trends.

Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.