Insiders = wallets registered on this subnet's metagraph — the miners, validators, and owner earning from it. Everyone else is an outsider. A wallet only counts for trades made while it was registered. · Emission Sell-Through = miner emissions sold back to market within ~24h (higher = more sell pressure). · Staked Share = share of α staked rather than sitting in the liquidity pool (higher = more committed supply).
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Signals
Flow Momentum
-0.3σ
FLOW VS ITS OWN 21-DAY NORM · DESCRIBES TODAY
Smart Money · 7D
+10.0% of pool
TOP-200 P&L WALLETS · + BUYING / − SELLING
SOPR · 1D
0.98
>1 SELLERS EXITED IN PROFIT · <1 SOLD AT A LOSS
Insider Lead
+0.04
+ = INSIDERS MOVE A DAY BEFORE THE CROWD · 0 = NO LEAD
Validation: 60-day cross-sectional test, skip-day methodology. Hover each card for what it measures.
OWNER FLOW STATE
No owner movement in 7d · no owner trade on record this window
Founder distribution and transfers-to-exchange are the highest-signal events on a subnet.
01
Who's on the other side?
Metagraph coldkeys × the tape · 7-day window
Emissions, sold through
17% of emissions sold <24h
Share of Affine miner emissions sold back within 24 hours, 30-day average.
Fig. 1 — Recurring sell pressure from emission sell-through. Lower is healthier.
Net flow by actor
Which insiders are distributing
Did each insider class buy more than it sold, net, over 7 days? Bars extending left of the center line = net selling, right = net buying.
Fig. 2 — Reconstructed from the classified trade tape, registration-aware. Note: validator flows can include staking services routing pooled customer stake through one coldkey, so a big validator "buy" may be their nominators' money, not the operator's own capital.
Transfers
Insider moves off-market
Transfers by registered wallets — moves to a known exchange are flagged.
No insider transfers in the last 7 days.
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Cost Basis
tracked supply by holder entry price · reconstructed from the full tape
Roles are per subnet at trade time — a wallet can be a miner on one subnet and a validator on another; the owner flag takes precedence.
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The realtime tape is a Pro feature
Subscribers get the full live feed and per-wallet sell-through; this preview shows the last five trades.
03
The Atlas
Metagraph — size is emission, colour is sell behaviour
Fig. — cost-basis ladder · Each row is an entry-price band (vertical axis, τ per α); the bar shows how much of the tracked supply was bought inside that band, so the longest bars mark where the crowd got in. Green bands sit below the current price (those holders are in profit), red above it (underwater). Basis tracked from 21 Mar 2026 — earlier accumulation is not visible.
Fig. — live metagraph · 9 validators ring the core (◦ blue), 235 miners orbit by emission · ● holds · ● sells · ● serial seller. Click any node to open the wallet.