No visual on file
Token Economics
Entry #0873
Why counting wallets overstates how distributed a token is
A token with fifty thousand holder addresses can be controlled by one entity, because a single owner can hold coins across thousands of wallets at no cost.
Adept
The hidden part
#0873
A holder count measures addresses, not owners. One entity can be fifty thousand wallets, and the crowd on the chart may be a single hand.