Solana trading glossary
What is holder concentration?
Also called: Supply concentration, Wallet concentration
How much of a token's supply is held by a small number of wallets. The higher it is, the more a few sellers can move the price.
Holder concentration is usually quoted as the share of supply held by the largest wallets: the top 10, top 20 or the single biggest holder. It answers a simple question: if a few holders sold at once, how much of the market would that be?
The raw number needs cleaning. Liquidity pools, order books, lockers and staking contracts can appear among the largest holders without being anyone's position to dump. Exchange hot wallets hold many customers' tokens. And one owner can split a stake across dozens of wallets, which makes a concentrated token look spread out.
Why it matters before you trade
Two tokens with the same market cap can carry very different risk. One held by thousands of small wallets is hard to crash. One where ten wallets own half the supply can fall hard on a single decision. Concentration also limits how much you should size into a position.
How NAVI shows it
The rug check on each token page shows the top-10 wallet share with pools, order books and lockers left out, plus the largest single wallet. The bubble map goes further: it links large holders that have sent the token to each other, or that were first funded by the same wallet, so one owner spread across several wallets shows up as a group.
Related terms
- Top 10 holdersThe share of a token's supply held by its ten largest wallets. A quick measure of how concentrated ownership is.
- Bubble mapA picture of a token's largest holders as circles sized by their share of supply, with lines between wallets that are connected on-chain.
- Bundled supplySupply bought at launch by one party through many wallets at the same moment, so the holder list looks spread out when it is really one position.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.