🔥 Meme deep dive: Token holder concentration
Tokens with widely distributed airdrops tend to have a relatively broad holder base at the start, but when airdrop recipients sell en masse, that can still create selling pressure.
Stay alert when large holders transfer significant amounts to exchanges, but don't jump to conclusions based on a single transfer.
$BONK airdropped half of its tokens to the Solana community at launch.
If you know a beginner, feel free to pass this along.
#BONK
Personal notes, not investment advice.
Tokens with widely distributed airdrops tend to have a relatively broad holder base at the start, but when airdrop recipients sell en masse, that can still create selling pressure.
Stay alert when large holders transfer significant amounts to exchanges, but don't jump to conclusions based on a single transfer.
$BONK airdropped half of its tokens to the Solana community at launch.
If you know a beginner, feel free to pass this along.
#BONK
Personal notes, not investment advice.