Holder Distribution vs Supply Concentration

The segmentation of total coin supply by wallet size category — mega whales, large holders, mid-tier, retail, and exchange wallets. Shifts in distribution over time reveal whether supply is concentrating into large non-exchange wallets (bullish structural signal) or dispersing toward exchanges and small wallets (distribution signal).

Supply concentration is the degree to which a cryptocurrency's circulating supply is held within a small number of wallet addresses, measured as the percentage of total supply controlled by the largest cohorts.