The top ten addresses hold more than half the coins. Does that necessarily mean something bad?
The more concentrated the holdings, the greater the impact a few addresses selling can have on the price; conversely, a few addresses can also drive the price higher more easily.
Don’t laugh—I learned this the hard way myself.
Understanding the principles helps you make informed decisions; it’s not for guessing where the market is headed.
$BONK 0.0₅307(+0.33%)