How can you assess a coin’s holder concentration?
The same party may split tokens across a batch of new addresses. Transfer records can often reveal connections between these addresses.
Holder concentration refers to how a token is distributed across different addresses. Common metrics include the percentage held by the top 10 or top 100 addresses.
When managing your positions, remember one key thing: before buying a meme coin, check the holder rankings on a block explorer and watch out for any single address holding an especially large share.
$BONK 0.0₅338 (+2.74%)
#BONK
Do your research before placing an order.
The same party may split tokens across a batch of new addresses. Transfer records can often reveal connections between these addresses.
Holder concentration refers to how a token is distributed across different addresses. Common metrics include the percentage held by the top 10 or top 100 addresses.
When managing your positions, remember one key thing: before buying a meme coin, check the holder rankings on a block explorer and watch out for any single address holding an especially large share.
$BONK 0.0₅338 (+2.74%)
#BONK
Do your research before placing an order.