well, you have to assume 1.1T of that is Satoshi's. So that leaves about 4.5M BCH that was never claimed after the BTC/BCH fork, which sounds about right. I'm guessing a significant portion of that is lost private keys. Then the remaining 4T XEC that BCH holders didn't move is either because they just haven't bothered splitting their coins, lost their keys, or it's sitting on exchange addresses that haven't listed it yet. In the coming days, I play to do more analyses to see what I can discover.
I have now ingested the entire XEC UTXO set and built a simple UI so I can ask questions like how much XEC has not moved since block 661647 (block right before BCH/XEC split) or block 478558 (block right before BTC/BCH split). Here's what I found: ~5.6T XEC have not moved since the BTC/BCH split. ~9.6T XEC have not moved since the BCH/XEC split. What this means is that after the BTC/BCH fork back in 2017, 5.6M BCH, and 5.6T XEC, never moved. This is a subset of the 9.6T XEC that hasn't moved since the BCH/XEC split in 2020. If you have any questions, let me know.
Which wallets are those, Sir?
It's not one address but a bunch of addresses where coins have not moved since a certain block height.
Wow, it’s been a really long time without any movement or withdrawals.Did they not know about XEC, or did they deliberately keep it under wraps until today?
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So, market liquidity isn't very high, right? At a guess, how many do you think there are?