Let’s talk about token holder concentration.
The same party may also split tokens among a batch of new addresses, and the links between these addresses can often be identified from transaction records.
One thing worth thinking about is that the more concentrated the holdings, the greater the impact a few addresses can have on the price when they sell; conversely, a few addresses can also drive the price up more easily.
Before participating in a meme coin, check the holder rankings on a blockchain explorer and watch for any single address holding an unusually large share.
$BONK airdropped half of its tokens to the Solana community at launch.
#BONK
The same party may also split tokens among a batch of new addresses, and the links between these addresses can often be identified from transaction records.
One thing worth thinking about is that the more concentrated the holdings, the greater the impact a few addresses can have on the price when they sell; conversely, a few addresses can also drive the price up more easily.
Before participating in a meme coin, check the holder rankings on a blockchain explorer and watch for any single address holding an unusually large share.
$BONK airdropped half of its tokens to the Solana community at launch.
#BONK
