Guys, this is an important concept to understand: token ownership concentration!
Before analyzing whale holdings, exclude liquidity pools, burn addresses, exchange wallets, and vesting contracts.
Whale addresses can be checked anytime on a block explorer. When whales transfer tokens to an exchange, it’s often seen as a sign they’re preparing to sell, though they may not sell right away.
When $BONK launched, half of its tokens were airdropped to the Solana community.
Save this and read it at your own pace 👇
#BONK
Just a few notes, not investment advice.
Before analyzing whale holdings, exclude liquidity pools, burn addresses, exchange wallets, and vesting contracts.
Whale addresses can be checked anytime on a block explorer. When whales transfer tokens to an exchange, it’s often seen as a sign they’re preparing to sell, though they may not sell right away.
When $BONK launched, half of its tokens were airdropped to the Solana community.
Save this and read it at your own pace 👇
#BONK
Just a few notes, not investment advice.