Today's key concept: Holder concentration
Holder concentration refers to how a token is distributed across different addresses. A commonly used metric is the percentage of tokens held by the top 10 or top 100 addresses.
Sniping bots clearly front-run new tokens, so by the time ordinary users enter, the price has often already been pushed up considerably. Don't rush to follow.
If you don't understand a product, avoid taking a large position. Trying it with a small amount is safer.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅32.
#BONK
Holder concentration refers to how a token is distributed across different addresses. A commonly used metric is the percentage of tokens held by the top 10 or top 100 addresses.
Sniping bots clearly front-run new tokens, so by the time ordinary users enter, the price has often already been pushed up considerably. Don't rush to follow.
If you don't understand a product, avoid taking a large position. Trying it with a small amount is safer.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅32.
#BONK