🛡️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.