top holders

[L A]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

[1715149218]

1715149218

[1715149218]

1715149218

[L A]

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

[cryptomaniac_xxx]

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

Of course it does matter, if top 100 owns 99% then something is wrong with that project.

It can easily be manipulated for instance, or what if those suddenly dump the coins in the market? What will be the results? It will be a disaster for those small holders.

To be fair, there are a lot of projects like this, so personally, I would stay away from this projects.

[Ararbermas]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

it makes no sense mate if you will base only how much the percentage of holder within the project. and there's a chance for you to fell with scam coin because mostly nowadays are fake even volume and market cap.. By the way yes i said " volume and market cap" because that the important stuff how to determine the potential of a project wherein not the amount of holders in my personal opinion ,
nevertheless if i were you if you're looking for a good coin to invest, i highly recommend to visit coinmarketcap where all of the stats of projects are genuine, and surely through that site you can see a good project, but remember the volume and market cap  if you really want a good return after all.

[uelque]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

I haven't seen any decent coin having its top holders with more than 50% or 90% holdings. But I have seen shitcoins or meme coins with such holdings, and you know what? in a matter of days, hours or even minutes, they're dead.  

For me, top holders plays an important roles on a coin, because they are whales, they can manipulate it, they have much control over you, and even over the project or coin. You are at greater risk if you put yourself on things like that. But it is still up to you, if you are ready to play their game, then why not buy in, but just remember to keep an eye on it. 

[Furious 7]

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

Of course it does matter, if top 100 owns 99% then something is wrong with that project.

It can easily be manipulated for instance, or what if those suddenly dump the coins in the market? What will be the results? It will be a disaster for those small holders.

To be fair, there are a lot of projects like this, so personally, I would stay away from this projects.

This can obviously influence me to buy on a new project and when looking at 99% token holder ownership it is clear it could be the project owner who can be manipulated by the market at any time this will be a big risk if the project owner does bad things to get more money then I avoid it more his.

There's been a lot going on now, when looking at bigger holders and this should be a little suspicious because new projects won't have a bigger percentage except for the owners.

[Jackl87]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

I definitely think that the coin distribution of a crypto project is a very important factor if you look at potential projects for an investment. The coins should be as widely distributed as possible with many thousands of different holders. Of course it is very unlikely that a Brand New project already has that many holders but you still have to look for the distribution of the coins there. If a few wallets are Holding the biggest part of the supply then you should definitely stay away from that project. You need to check first if those wallets are for the staking rewards or stuff line that of course.

[Coyster]

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

If that be the case, then it's not a good Investment option as there is way too much monopoly in that project, and then again coins like this are more or less shitcoins, you really should have nothing to do with such projects, these holders can destroy the project in a single day by selling every of the coin they have, making the project a short term/unsuccessful one. You should be interested in long term projects like Bitcoin and maybe ethereum, coins that absolutely nobody has control over and even the government cannot destroy it, not coins that the actions of a 'few' can signal the end of it.

[israt1@]

For a new token, you first need to know how many tokens there are in the market. How many exchanges there are and how much volume there is. You then decide what% profit you want to sell. But it is better not to go for new tokens. It is not possible to say how much profit or loss

[Sterbens]

understood however when looking at coin like Covalent, the top 100 own 99%. does this matter ?? I thought maybe supply should be more spread

Be careful it's not normal where the biggest holder reaches 99%, this will be a throwaway game and leave. Isn't that obviously suspicious? At least this allocation will make you think again, if you find something like this, it is clearly not a good investment or trade center.

I think everyone gives you the same warning, which is to pay attention to all aspects that can give you losses in the future. Coins or tokens of this kind will not last long. It was clear that such a large possession was suspicious from the start.

[zasad@]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

You should never make a decision based on one metric.
This indicator may be a red flag for you, but you need to figure out what these addresses are.
These can be the addresses of exchanges or funds for the distribution of tokens that are locked.
It is better to ask for advice about the project, but not just ask the question: "Is it right to invest in this coin?" and will share the information that you found when analyzing the project.

[vv181]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

It depends on the economical structure of that project. Honestly, to make a decision to invest in the next big things require further effort rather than only the metric you stated. There are a lot of more significant metrics that you should look upon to analyze whether the project is worth noting or it is just another shitcoins.

[kevindjunaidi]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

of course it doesn't affect my decision as long as the holder who has >50% are not devs and only investor, because what affects my decision to invest is,
1. the progress that the project has made from the beginning until now
2. the project idea is useful in the future and has an advantage over other projects (rivals)
3. the team is very responsive and friendly, and always provides information about project developments

[asriloni]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

It should.

Remember this you must also aware about how much to total holders of such asset. You can identify whether it has a fair distribution or not. When there are only two address with the biggest hodl and you must be careful if this possibility the tokens that hodl by the team or developers.

More token holders and then it will represent the demand for the token. The big holders mean a lot when there was a lot of big holders on the various address like hundreds or even thousands of address.

that will be a scam sign when there were only two address that hodl the most of assets.

that's why percentage of top holders mean a lot. it can be said that related to the whales address

[poodle63]

I think yes, holder that have so many total supply of token like that can probably control the market because those coin can be dumped into the market anytime and make the price of the coin drop sharply and it can create panic selling in the market.
That's why many people also see the amount of token holders if it has many holders, people will think its worth for trading or investing. Like the token thats already popular like AXS it has so many token holders and it have less chance of panic selling in the market.

[Naficopa]

When finding a new coin, should the percentage the top holders earn influence your decision to buy in. for example if the top holders own > 50% ?

The more coins in the hands of a small number of people, the worse it is. It just makes the risk of a big sale higher. It means that flash sale is theoretically possible, i.e. a very fast, large drop in price, even in a second.
The situation is close to this with Dogecoin, where over 25% is in the hands of a very small number of investors, which is why Elon Musk stopped supporting DOGE.
I also avoid coins / tokens that have situation like this.

[Xinarae*]

We need to be careful about the delivery of tokens and analyze the market properly. Because it does not take long for the top holders to go down as low as they can raise the price of the currency, the traders suffer a lot. Newcomers are more at risk they have less knowledge to deliver tokens there is not much idea about pump dump. Therefore before investing you need to analyze the market and verify the reliability of the tokens.

[Suke_Teki]

It shouldn't have happened like that, A person/investor who owns more than 50% token supply, unless it's a wallet for token burning, Like some new projects that burn most of their token supply. It is also possible that the wallet that holds more than 50% of the token supply is the token allocation wallet that will be distributed.
Therefore it would be better if a project distributes their tokens into multiple wallets according to the planned token allocation, and each wallet is tagged for a specific allocation.

[imstillthebest]

some says that was bad .
 maybe because they think that the top owners of that coin can dump it verry hard but to me i think that was also good if there are top holders because they are also the reason why the price is high and stable as long as they continue holding thier coins but dumps are still unavoidable and can occur later on .
 other than that the number of holders is also a must to check , the higher the number is , the better .

[GaxviiBuss]

It's just as if you pour out your water because your neighbour fetches more, it's on a wrong basis and it's vague, your. Investment proportion or decision should be to influence by your research, not by other proportions, one needs to take necessary cautions when investing, and because it works for someone doesn't mean it will for another.