This graph shows the amount of tokens changing addresses on a certain date, multiplied by the number of blocks created on the blockchain since they last moved.
Spikes on the graph signal a large amount of tokens moving after being idle for a certain period of time.
As an example, let’s look at MANA’s Token Age Consumed graph for the past 30 days:
We can see 3 notable spikes in token age consumed, two of them about 10-14 days before the rally.
To identify where these previously-idle coins are now moving to, we can consult the Exchange Flow Balance graph:
The two graphs compared tell us several things:
- The first spike in Token Age Consumed didn’t register on the Exchange Flow graph, meaning this was may be coins moving between two personal addresses
- The second and third spike correspond to an increase in coins entering exchange wallets.