Definition. The total realized profit, segmented by wallet-size cohort. Realized profit is the summed difference between sale price and acquisition price across all spent coins where the sale price was higher than the acquisition price. Cohorts span from whales to retail investors based on native-asset balance. Realized Loss by Wallet Size is the loss counterpart. Realized Profit is the related base variant without segmentation.

Technical. Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations. An address's wallet-size band is set by its balance before the spend. Profit and loss are measured against each address's average acquisition price. For BTC, ETH and ETH tokens, spends are netted per address per block, which removes change; for DOGE, TRX, XRP, TON and TON tokens, all transfers are counted. For ETH tokens, burn addresses are excluded.

Interpretation. Surfaces how realized profits concentrate across investor classes, from whales down to retail. Answers questions of the form: are larger wallets (whales) realizing more profits than smaller wallets (retail investors)?

This is the Point-in-Time (PiT) variant of Realized Profit by Wallet Size. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.