The top ten addresses hold more than half of the coins. Is that necessarily dangerous?
First, what this means: the same party may split its tokens across a batch of new addresses, and links between these addresses can often be spotted in the transfer records.
The logic behind it: the more concentrated the holdings, the greater the impact on prices when a small number of addresses sell; conversely, a small number of addresses can more easily drive prices up.
$BONK airdropped half of its tokens to the Solana community at launch.
Verify information using multiple sources before making a decision. Don’t rely on just one person’s account.
In highly volatile markets, risk management comes first.
First, what this means: the same party may split its tokens across a batch of new addresses, and links between these addresses can often be spotted in the transfer records.
The logic behind it: the more concentrated the holdings, the greater the impact on prices when a small number of addresses sell; conversely, a small number of addresses can more easily drive prices up.
$BONK airdropped half of its tokens to the Solana community at launch.
Verify information using multiple sources before making a decision. Don’t rely on just one person’s account.
In highly volatile markets, risk management comes first.