Holder concentration
What it shows
How concentrated the token supply is among the largest addresses: the share of the top three holders plus a list of tracked wallets with their percentage and balance size. High concentration means greater dependence on a few players moves.
How to read it
The higher the top 3 share, the more price depends on a few players decisions, which is an elevated-risk factor, especially for smaller projects. Check the labels: if top addresses are exchanges or contracts, concentration means something different than with private whales. Practical takeaway: rising concentration in private addresses is a cue for caution about supply risk.
Parameters
- Top 3 concentration
- The percentage of tracked supply controlled by the three largest addresses.
- Positive reading: Low: supply is spread across many holders, lower manipulation risk.
- Negative reading: High: a few addresses dominate, elevated risk of sharp moves if they sell.
- Neutral reading: Moderate: common for many projects, assess in context.
- Tracked addresses
- The number of largest receiver wallets included in the analysis.
- Neutral reading: This is a sample of top holders, not all wallets (used to compare concentration).
- Holder list
- A ranking of addresses (or their labels) with percentage share and balance size.
- Neutral reading: Exchange or contract labels among top addresses change the interpretation, as it is not always a single investor.
Example
The top 3 control 72% of tracked supply and none carry an exchange label: strong concentration in private wallets is elevated risk. When the top addresses turn out to be exchange wallets, the same reading reflects liquidity rather than single-seller risk.