Number of token holders, large holders and their total holdings are important information to evaluate when you’re planning to ape into some token.
By Holder, we understand a wallet (account) which is holding a non-zero amount of a certain token. If you hold let’s say 1 CAKE, then you are counted among CAKE holders. The higher number of followers is in general better. It means that more people is interested in the project and it’s harder to manipulate the price of token.
Large holder is a wallet (account) which is holding more than 0.2% of all available circulating supply. The lower number of whales the better. Large holders are holding significant amount of tokens which could potentially dump the price if they decides to sell it.
On CoinBrain, you can follow both type of holders and their trend in past days/months on the chart. From the holders number trend, you can see whether the token is actually attracting more people in time, or whether people are slowly selling it off.
Beware of unusual fast spikes in the holders number. It can signalize an airdrop scam or other suspicious activity. Always check with the project owners and Do Your Own Research before buying any coin.
On the right side of holders overview, you can see detailed look at the largest token holders. It gives you an idea about the total token holdings of TOP 10 and TOP 100 addresses (if we order the holders by their holding amount).
The Large Holders piechart shows you the distribution of large holders. You can find out how many of them are holding 0.2-1%, 1-2%, 2-5% and more then 5% of holdings. Whales holding more than 5% of total token’s circulating supply are potentially very dangerous for the future of the token.
Does it sound interesting to you? Use CoinBrain to evaluate your prospected tokens!
Holders Overview
