The first page of my trading notebook says: Understand it before placing an order.
Today's lesson: Token concentration
The same party may split tokens across a batch of newly created addresses. The transfer history often reveals links between these addresses.
Before getting involved in a meme coin, check the holder rankings on a block explorer and watch for any single address holding an unusually large share.
When $BONK was issued, half of its tokens were airdropped to the Solana community.
Just my personal take; I could be wrong, so treat it with caution.
Today's lesson: Token concentration
The same party may split tokens across a batch of newly created addresses. The transfer history often reveals links between these addresses.
Before getting involved in a meme coin, check the holder rankings on a block explorer and watch for any single address holding an unusually large share.
When $BONK was issued, half of its tokens were airdropped to the Solana community.
Just my personal take; I could be wrong, so treat it with caution.