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.