Meme | Holder Concentration
Key point: Addresses that use programs to buy ahead of others in the first few blocks after trading opens are often called “sniper” addresses.
How to interpret it: Coins with more widely distributed airdrops tend to have a more dispersed holder base at the start. However, if airdrop recipients sell in clusters, that can also create selling pressure.
Reminder: Be cautious when large holders transfer funds to exchanges in a concentrated manner, but don't draw conclusions based on a single transfer.
$BONK 0.0₅284(+1.79%)
Key point: Addresses that use programs to buy ahead of others in the first few blocks after trading opens are often called “sniper” addresses.
How to interpret it: Coins with more widely distributed airdrops tend to have a more dispersed holder base at the start. However, if airdrop recipients sell in clusters, that can also create selling pressure.
Reminder: Be cautious when large holders transfer funds to exchanges in a concentrated manner, but don't draw conclusions based on a single transfer.
$BONK 0.0₅284(+1.79%)
