Let’s talk about holder concentration:
A single party may split tokens across many new addresses, and links between these addresses can often be identified from transfer records.
Tokens distributed more broadly through airdrops tend to have a more dispersed holder base at the start, but if airdrop recipients sell in large numbers, that can also create selling pressure.
$BONK 0.0₅325(-6.34%)

#BONK

When markets are highly volatile, manage your risk first.