US EditionHow To Vet a Token’s Holder Distribution with SolScan and BaseScan
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How To Vet a Token’s Holder Distribution with SolScan and BaseScan
When researching a token, checking how its supply is distributed using SolScan or BaseScan is crucial. A highly centralized distribution (lots of tokens held by just a few wallets) can be a red flag. A healthy token has many holders sharing the supply more evenly. Block explorers let you see this on-chain data: on SolScan (for Solana tokens) and BaseScan (for Base/Ethereum L2 tokens), every token’s page lists supply, number of holders, and “Top …
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