Study Notes | Token Holder Concentration
① The same entity may split its tokens across many new addresses; links between these addresses can often be identified from transfer records.
② Before calculating the share held by large holders, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
③ Be cautious when large-holder addresses transfer funds into exchanges in a concentrated manner, but don’t draw conclusions based on a single transfer alone.
$BONK 0.0₅317（-8.65%）
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Just chatting—don’t take this as advice.
① The same entity may split its tokens across many new addresses; links between these addresses can often be identified from transfer records.
② Before calculating the share held by large holders, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
③ Be cautious when large-holder addresses transfer funds into exchanges in a concentrated manner, but don’t draw conclusions based on a single transfer alone.
$BONK 0.0₅317（-8.65%）
#BONK
Just chatting—don’t take this as advice.