How to read Solana token holder distribution

Open Token Check and read the top shares

Copy the full mint and open Token Check at /tools?tab=check&mint= followed by that mint. Review the largest wallet shares, including the top 10 and top 20 percentages when they are available, and the holder list itself. Note the UTC scan time. Names and tickers repeat, so confirm you inspected the mint you intended.

How the concentration flags are applied

Token Check marks concentration when the top 10 wallets hold about 70% or more of supply, and it warns around 40%. Lower visible concentration is described as relatively spread. These thresholds organise the snapshot; they are not a safety score or a prediction of price.

Separate pool vaults and burn addresses from trading wallets

Known liquidity-pool or LP vaults in the top holders are labelled when they are recognised. Burn addresses, when present, are also called out. Those categories still occupy supply, but they are not the same as a trading wallet. Unlabelled large holders may be ordinary accounts, exchanges, or wallets the scanner has not classified.

Concentration is not the whole picture

A concentrated supply can move a market even when mint and freeze authority are revoked. One operator may also control several wallets, so a spread-looking table can still hide common control. Follow a holder review with Pool Links and, when you need seller context, Who rugged it?. Educational content, not financial advice.

Frequently asked questions

Does a low top-10 percentage mean the token is safe?

No. It describes visible concentration at scan time. It does not prove independent holders or future behaviour.

Are pool vaults counted as dangerous whales?

Known LP or pool vaults are labelled separately when recognised. They still occupy supply, but they are not the same as a trading wallet.