Study Notes | Token Holder Concentration
① Before looking at whale holdings, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
② Addresses that use bots to buy first in the first few blocks after launch are often called “sniper” addresses.
③ Be cautious when large holders transfer tokens to exchanges in a concentrated manner, but don’t draw conclusions based on a single transfer.
$BONK 0.0₅281
① Before looking at whale holdings, first exclude addresses such as liquidity pools, burn addresses, exchange wallets, and vesting contracts.
② Addresses that use bots to buy first in the first few blocks after launch are often called “sniper” addresses.
③ Be cautious when large holders transfer tokens to exchanges in a concentrated manner, but don’t draw conclusions based on a single transfer.
$BONK 0.0₅281