We classify holders into seven categories based on their percentage of the total token supply:
🐳 Whale: Holds ≥5% of the total supply
🦈 Shark: Holds 1–5% of the total supply
🐬 Dolphin: Holds 0.1–1% of the total supply
🐟 Fish: Holds 0.01–0.1% of the total supply
🐙 Octopus: Holds 0.001–0.01% of the total supply
🦀 Crab: Holds 0.0001–0.001% of the total supply
🦐 Shrimp: Holds <0.0001% of the total supply
What the Size Distribution Means
The size distribution shows how many wallets fall into each category and their percentage of the total holder base. For example:
What to Look For
Ideally, no whales: A small number of whales or dolphins might indicate large players entering early, which could affect token distribution.
Lots of fish or smaller: A healthy project often has many smaller holders (like fish, octopuses, crabs, or shrimp), showing broader retail interest and a more decentralized holder base.
Why This Matters
Understanding the distribution of holders helps you gauge the decentralization and potential risks of a project. A project dominated by whales may be more centralized, while one with many smaller holders suggests wider community participation. A healthy token distribution typically shows:
Few or no whales: Reduces risk of price manipulation
Some sharks & dolphins: Can indicate institutional or early investor interest
Many fish, octopus, crabs, and shrimps: Indicates healthy retail participation and community interest
An ideal distribution has a wide base of smaller holders (shrimps, crabs) and a limited concentration at the top, resulting in a more decentralized and robust token economy.
Using Wallet Size Distribution for Analysis
Wallet Size Distribution stats provide valuable insights for:
Token Health Assessment: Evaluate the decentralization and distribution of a token
Growth Analysis: Track holder growth over time (5min to 30d periods)
Acquisition Pattern Analysis: Understand how users are primarily acquiring the token
Whale Watching: Monitor large holder concentration and potential selling pressure
Community Growth: Assess retail interest through smaller holder categories
By analyzing holder statistics, you can gain a better understanding of a token's market dynamics, community health, and potential risks related to centralization.