How to Use Token God Mode to Compare Holder Distribution and Assess Risk

Written By Nansen Intern

Last updated 7 months ago

🛡️Overview

Difficulty: Beginner / Steps: 4 Steps / Time it Takes: ~5 minutes

🔥 Value

  • Detects how many wallets dominate supply → avoid getting dumped on

  • Helps evaluate the centralization risk of a token

  • Informs risk-adjusted sizing in positions

👤 Who Should Use This

  • Risk-conscious investors

  • Token due diligence analysts

  • Portfolio managers evaluating token allocations

⚠️ Workflow

  1. Open Token God Mode for the asset in question

  2. Navigate to Token God Mode → Holders Tab

  3. Compare the % held by top 5 / 10 / 20 wallets

  4. Check if distribution is improving (more evenly spread) or worsening over time

  5. Use the Nansen Distribution Score on the Holders tab to identify the % held by top holders

❓When to Use This

  • Before entering a position

  • When adding size to an existing position

  • When evaluating if a project has active community participation vs insider dominance

⚙️ Feature Spotlight

  • Token God Mode – Holder distribution chart

  • Time series of holder breakdown

💡Pro Tip

Look out for wallets labeled as “Team” or “Vesting” to understand if unlocks may cause a cliff.

Community contribution by @pelimatos. Got a workflow that might be helpful? Share it with the Nansen community. Get in touch at marketing@nansen.ai.