I didn’t understand this either when I first got into crypto.
When calculating the share held by large holders, you first need to exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
For coins with widely distributed airdrops, holdings tend to be relatively spread out at launch. But when airdrop recipients sell en masse, that can also create selling pressure.
$BONK airdropped half its tokens to the Solana community at launch. It’s currently at 0.0₅295.
When did you first figure this out?
#BONK
When calculating the share held by large holders, you first need to exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
For coins with widely distributed airdrops, holdings tend to be relatively spread out at launch. But when airdrop recipients sell en masse, that can also create selling pressure.
$BONK airdropped half its tokens to the Solana community at launch. It’s currently at 0.0₅295.
When did you first figure this out?
#BONK