Departures / Who sold

Who qualifies: top 200 holders at the window start — a holder is a linked wallet cluster or a solo wallet, ranked by the balance it held when the window opened (current balance with the window's net flow backed out), so a whale that emptied inside the window still ranks · infrastructure and the zero address excluded. Windows are ranked as if today's cluster graph existed at the window open; the # column is that window-start balance rank, not any rank the wallet displayed at the time. Amounts are CAT valued at the minute price, last observation carried forward. A transaction that contains a swap is a trade: the wallet's net CAT change in that transaction is what it sold. A net outflow in a swap-free transaction is a transfer out. Router addresses are never identities; an ERC-4337 bundle folds to the largest mover in the transaction. Clusters are evidence of shared custody, NOT proof — a whole-bag transfer to a cluster-mate is a move, not a proven exit. Full method in the methodology.