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Token Explorer
Explore who is owning a Token!

The Token Explorer
The primary function of the token explorer is to provide you with a comprehensive summary of who owns a token. We do this by showing you the token ownership distribution. On the right side of the ownership pie chart, you see a list of wallets that are part of the displayed categories. You can open the categories and get a list of, for example, all treasury wallets owning the token you are exploring.
For instance, in the depicted case, you see three treasury wallets owning 98% of a token. The vast majority of the 98% are in the treasury wallet of the project that minted the token. A minority share of the 98% is in the treasury of a DEX and another project close to the said project.
You immediately spot how powerful this is. First, you see that in fact almost no tokens are in circulation and how centralized the token ownership of this specific token is.
Scrolling down from the first graphic and table, you will find a section where you can flip between the Token Seniority Graph and a chart that displays the Unique Addresses holding a token.

See how long wallets have been holding a token.
The Token Seniority Graph is a powerful tool to understand when most of the people bought a token. For example, the example above shows a token that is dominated by old holders. Now you can interpret this in two ways: are people HODLing because they believe in the token? Or, is this token simply not attracting many new buyers to get in? In any case, during the next bull cycle, we will probably see people taking profits on this example.

See How Many Unique Addresses Are Holding a Token.
The number of unique addresses over time provides you with an insight similar to the Token Seniority Graph, but from a different perspective. The main difference is that this shows you the aggregate over time, while the Seniority Chart only provides a snapshot from today's perspective. Looking at unique addresses can show you which times were important and what the overall trend of the token is. For example, you will see that almost all unique address charts look like this one: slightly bending downwards. Why is that? Probably because overall there is a percentage of people selling their token because they need money (due to the overall economy) or because they are losing their faith in crypto (written in June 2023 - Bear Market).

The Last 500 Transactions
The last part of the token page includes a list of the 500 transactions that involved a token. This table allows you to examine the aftermath of a price pump or dump: what kind of wallets caused the movement? Was it a few whales? If yes, you can use the Wallet Explorer to trace them back to where they got the money from: e.g., the Team Distribution wallet. Or was it just many community wallets that filled up their bags as you can see from their wallet labels.
Last modified 5mo ago