The top 10 addresses hold more than half of the tokens. Is that necessarily dangerous?
My understanding: the more concentrated the holdings, the greater the impact a few addresses selling can have on the price; conversely, a few addresses can also push the price up more easily.
When calculating the share held by large holders, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and locked-token contracts.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅295.
#BONK
This is not financial advice. Make your own decisions about buying and selling.
My understanding: the more concentrated the holdings, the greater the impact a few addresses selling can have on the price; conversely, a few addresses can also push the price up more easily.
When calculating the share held by large holders, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and locked-token contracts.
$BONK airdropped half of its tokens to the Solana community at launch. Current price: 0.0₅295.
#BONK
This is not financial advice. Make your own decisions about buying and selling.
