We add up how much of the supply sits in the top 10 wallets, leaving out exchange pools, burn addresses and locked tokens. If a handful of wallets own half the token, they decide what it's worth.
What the numbers mean
- Under 30%: widely held. Normal for established coins.
- 30% to 50%: concentrated. One large seller can move the price a lot.
- Over 50%: a few wallets control it. We flag this as a serious warning.
Why this catches rugs early
Most pulled rugs share a pattern: the creator and a few linked wallets hold most of the supply, wait for buyers, then sell everything at once. The honeypot check won't catch this, because selling works fine. Concentration does.
Exchange wallets
Big tokens often show high concentration because exchanges hold customer coins in a few wallets. If a token has hundreds of thousands of holders and is years old, high concentration is usually custody, not insiders. We note that on the result.