Someone asked: How do you assess how concentrated a particular coin’s holdings are?
My answer: Before looking at the holdings of major holders, first exclude addresses belonging to liquidity pools, burn addresses, exchange wallets, and locked-token contracts. You can check major holder addresses in real time on a block explorer. When major holders transfer tokens to an exchange, it’s often seen as a sign they may be preparing to sell, though it doesn’t necessarily mean they’ll actually sell.
$BONK 0.0₅285 (+2.52%)
If you know someone who’s just getting into crypto, feel free to send this to them.
My answer: Before looking at the holdings of major holders, first exclude addresses belonging to liquidity pools, burn addresses, exchange wallets, and locked-token contracts. You can check major holder addresses in real time on a block explorer. When major holders transfer tokens to an exchange, it’s often seen as a sign they may be preparing to sell, though it doesn’t necessarily mean they’ll actually sell.
$BONK 0.0₅285 (+2.52%)
If you know someone who’s just getting into crypto, feel free to send this to them.
