@joaniemilin
High concentration of token holdings among a few wallets elevates price manipulation and rug risk. Measure top-holder percentages (top 10, top 100) and compare against circulation and liquidity depth. Analyze behavior patterns: are large holders team-controlled, VC investors with lockups, or market makers? Locked and vested positions are lower risk than freely transferable large balances. Monitor historical token movements for coordinated dumps and correlate them with price drops. Also consider contract features—are there timelocks or multisig protections to prevent unilateral dumps? A diversified holder base with strong on-chain activity and protective vesting reduces systemic risk, while high concentration requires cautious valuation and scenario planning.
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