The top 10 addresses hold more than half the tokens. Is that necessarily dangerous?
First, what this means: Some token launch platforms display the largest holders’ and issuer’s holdings directly on the token page, making it easier for users to check.
Why this happens: Tokens with relatively widely distributed airdrops may also have more dispersed holdings at launch. But if airdrop recipients rush to sell, that can still create selling pressure.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅341.
Don’t rush into a trade just because everyone else is doing it.
#BONK
This is compiled from publicly available information. Please verify it yourself.
First, what this means: Some token launch platforms display the largest holders’ and issuer’s holdings directly on the token page, making it easier for users to check.
Why this happens: Tokens with relatively widely distributed airdrops may also have more dispersed holdings at launch. But if airdrop recipients rush to sell, that can still create selling pressure.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅341.
Don’t rush into a trade just because everyone else is doing it.
#BONK
This is compiled from publicly available information. Please verify it yourself.