Which crypto tokens score highest on holder concentration?

Ethereum (ETH) at 6, Bitcoin (BTC) at 6, GEODNET (GEOD) at 6, CoW Protocol (COW) at 6, Rocket Pool ETH (RETH) at 6 lead the 251 rated tokens on Holder Concentration, each scored 1 to 10 against the same definition.

What is a good holder concentration score?

The median across the universe is 4 of 10 and the mean is 3.99, so anything at 7 or above sits well inside the top of the distribution. Only 0 of 251 tokens reach 9 or 10.

Does holder concentration affect a token's market cap?

Rank correlation between Holder Concentration and market capitalisation is 0.2 across 236 tokens with live market data. That is a weak relationship, so the market prices it only partly.

Ownership

Holder Concentration, ranked

How much of the supply sits in the largest wallets.

One of the 25 variables in the framework. 251 tokens rated. Scoring pass 18 Sept 2026.

Median

4/10

mean 3.99

Scoring 9 or 10

of 251 rated

Composite link

0.6

correlation with total score

Market link

0.2

rank correlation with market cap, n=236

What this variable measures

How much of the supply sits in the largest wallets.

A 10 means a broad, distributed base. A 1 means a handful of addresses could move the price at will.

Concentration decides whether the order book you are trading against is a market or a single decision-maker.

What the universe says

Across 251 rated tokens the median score on Holder Concentration is 4 of 10 and the mean is 3.99. No token scores 9 or 10, and 12 score 2 or below. Ethereum leads at 6 of 10.

Holder Concentration correlates 0.6 with the composite score across the universe, which makes it strongly tied to overall standing. It moves with quality without being a proxy for it.

Against live market capitalisation for the 236 tokens with a matched market row, Holder Concentration carries a rank correlation of 0.2. The market leans this way but does not price it consistently, so the ranking below still contains disagreement worth using.

The closest variable to Holder Concentration is Insider Selling at 0.69, which is strongly tied to it. Nothing else in the framework restates this one, so it earns its slot.

Distribution across the universe

139

Tokens at each score from 1 to 10. The shape matters: a variable where almost everything clusters at 3 is telling you the whole category fails it, not that one token is unusual.

All 251 tokens ranked

Sorted by score on this variable alone, so a token can lead here and rank poorly overall. That disagreement is the useful part: it is where a single-variable screen finds something the composite averages away.

251 crypto tokens ranked by Holder Concentration, scored 1 to 10
#	Token	Holder Concentration	Composite	Market cap	Verdict
1	ETHEthereumInstitutional settlement layer. Commodity classification. Burn collapsed but moat intact.	6/10	187	$313.17B	HOLD CORE
2	BTCBitcoinDigital gold with a large spot ETF complex and 94.5% supply mined. Store-of-value thesis intact, though ETF assets fell through 2026.	6/10	183	$1.67T	HOLD CORE
3	GEODGEODNETRevenue not declining: Q2 2026 $2.59M (+48% QoQ). ARR $7.3-9.5M. 80% burn Foundation-controlled (governance, not smart contract). ATH $0.3746 not $0.43. 20K+ stations, 150+ countries. P/S 9.9-14.4x (expensive vs Helium 3.1x). Deflationary crossover approaching post-Jun 2026 halving.	6/10	169	$137.0M	HOLD
4	COWCoW ProtocolIntent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete.	6/10	167	$82.3M	HOLD
5	RETHRocket Pool ETHDecentralized ETH liquid staking token from Rocket Pool; most trust-minimized LST with permissionless node operators	6/10	159	$946.8M	HOLD
6	CBETHCoinbase Wrapped Staked ETHCoinbase's centralized ETH liquid staking token; simplest onramp but carries custodial risk and Coinbase counterparty exposure	6/10	158	$484.5M	HOLD
7	AEROAerodrome FinanceBase's dominant DEX capturing ~60% of chain volume with real fee revenue and veAERO flywheel locking supply	6/10	157	$794.7M	HOLD
8	ADACardanoAcademic-grade L1 with heavy research pedigree but minimal DeFi traction. Chang hard fork improved governance but TVL remains tiny.	6/10	113	$9.57B	WATCH
9	LTCLitecoinBitcoin's silver analog with third halving complete. No smart contracts, no DeFi, diminishing developer interest. Payments use case losing to stablecoins.	6/10	102	$5.15B	WATCH
10	HYPEHyperliquid3 ETFs live (THYP, BHYP, HYPG, about $253M combined AUM). About $600M annualised revenue after four straight quarterly declines, with builder fees now taking 18% of gross before buybacks. about 32% to 37% DEX perps share, down from roughly 70% in 2025. But closed-source, FCA warning, 22% circ.	5/10	193	$19.71B	HOLD CORE
11	WSTETHWrapped Lido Staked ETH	5/10	185	$11.76B	HOLD CORE
12	MKRMaker / Sky	5/10	177	not published	HOLD CORE
13	SOLSolana	5/10	170	$68.57B	HOLD
14	SYRUPMaple Finance	5/10	168	$268.1M	HOLD
15	UNIUniswap	5/10	167	$4.91B	HOLD
16	ETHFIEther.fi	5/10	162	$680.1M	HOLD
17	PENDLEPendle Finance	5/10	160	$391.5M	HOLD
18	VIRTUALVirtuals Protocol	5/10	151	$502.6M	CAUTIOUS HOLD
19	LQTYLiquity	5/10	151	$23.3M	HOLD
20	CETUSCetus Protocol	5/10	147	$25.0M	HOLD
21	LDOLido DAO	5/10	146	$353.8M	HOLD
22	FLUIDFluid (Instadapp)	5/10	145	$158.2M	CAUTIOUS HOLD
23	GMXGMX	5/10	143	$84.3M	HOLD
24	PAXGPAX Gold	5/10	141	$1.79B	HOLD
25	ARArweave	5/10	140	$274.9M	HOLD
26	INJInjective	5/10	139	$727.9M	CAUTIOUS HOLD
27	KMNOKamino Finance	5/10	138	$214.9M	CAUTIOUS HOLD
28	AVAXAvalanche	5/10	138	$4.93B	CAUTIOUS HOLD
29	ENSEthereum Name Service	5/10	137	$269.1M	CAUTIOUS HOLD
30	NEARNEAR Protocol	5/10	135	$6.64B	CAUTIOUS HOLD
31	BANANABanana Gun	5/10	135	$15.5M	CAUTIOUS HOLD
32	ARBArbitrum	5/10	134	$1.25B	CAUTIOUS HOLD
33	SAFESafe (formerly Gnosis Safe)	5/10	132	$84.0M	CAUTIOUS HOLD
34	SNXSynthetix	5/10	130	$137.5M	CAUTIOUS HOLD
35	RAYRaydium	5/10	129	$670.5M	CAUTIOUS HOLD
36	OLASOlas (Autonolas)	5/10	129	$13.4M	CAUTIOUS HOLD
37	AKTAkash Network	5/10	129	$210.6M	CAUTIOUS HOLD
38	GNOGnosis	5/10	128	$316.6M	CAUTIOUS HOLD
39	RENDERRender Network	5/10	127	$1.05B	CAUTIOUS HOLD
40	OPOptimism	5/10	123	$273.9M	CAUTIOUS HOLD
41	POLPolygon system Token	5/10	123	$1.08B	CAUTIOUS HOLD
42	CAKEPancakeSwap	5/10	123	$698.0M	CAUTIOUS HOLD
43	HNTHelium	5/10	122	$97.6M	CAUTIOUS HOLD
44	GRTThe Graph	5/10	121	$297.6M	CAUTIOUS HOLD
45	VELOVelodrome Finance	5/10	121	$46.1M	CAUTIOUS HOLD
46	STXStacks	5/10	118	$697.8M	WATCH
47	XMRMonero	5/10	117	$10.41B	WATCH
48	KASKaspa	5/10	114	$1.11B	WATCH
49	MATICPolygon (Legacy)	5/10	110	$1.08B	WATCH
50	FETFetch.ai (ASI Alliance)	5/10	109	$522.8M	WATCH
51	RUNETHORChain	5/10	106	$234.5M	PASS
52	THETATheta Network	5/10	105	$214.2M	WATCH
53	RPLRocket Pool	5/10	104	$40.8M	WATCH
54	DOTPolkadot	5/10	103	$1.88B	WATCH
55	ETCEthereum Classic	5/10	90	$1.32B	PASS
56	DOGEDogecoin	5/10	89	$13.83B	PASS
57	RVNRavencoin	5/10	74	$36.1M	PASS
58	LINKChainlink	4/10	165	$10.01B	HOLD
59	MORPHOMorpho	4/10	157	$1.75B	HOLD
60	AAVEAave	4/10	156	$2.65B	HOLD
61	SUISui	4/10	146	$4.63B	HOLD
62	OKBOKB	4/10	145	$2.75B	HOLD
63	DRIFTDrift Protocol	4/10	142	$14.3M	HOLD
64	CRVCurve Finance	4/10	140	$552.7M	HOLD
65	ACXAcross Protocol	4/10	137	$30.5M	CAUTIOUS HOLD
66	BGBBitget Token	4/10	135	$1.37B	CAUTIOUS HOLD
67	JTOJito	4/10	134	$263.0M	CAUTIOUS HOLD
68	TAOBittensor	4/10	128	$3.29B	CAUTIOUS HOLD
69	BERABerachain	4/10	127	$76.8M	CAUTIOUS HOLD
70	LPTLivepeer	4/10	123	$82.2M	CAUTIOUS HOLD
71	GTGateToken	4/10	123	not published	CAUTIOUS HOLD
72	ORCAOrca	4/10	123	$167.2M	CAUTIOUS HOLD
73	XRPXRP	4/10	121	$90.31B	CAUTIOUS HOLD
74	MAVMaverick Protocol	4/10	121	$13.1M	CAUTIOUS HOLD
75	VRTXVertex Protocol	4/10	121	not published	CAUTIOUS HOLD
76	ENAEthena	4/10	120	$3.06B	CAUTIOUS HOLD
77	CHZChiliz	4/10	120	$165.6M	CAUTIOUS HOLD
78	COMPCompound	4/10	119	$234.1M	WATCH
79	PRIMEEchelon Prime	4/10	119	$14.8M	WATCH
80	MNDEMarinade	4/10	119	$15.6M	WATCH
81	KCSKuCoin Token	4/10	119	not published	WATCH
82	WOOWOO Network	4/10	118	$23.6M	WATCH
83	IMXImmutable X	4/10	117	$156.3M	WATCH
84	STGStargate Finance	4/10	117	$20.1M	WATCH
85	JOETrader Joe	4/10	117	$17.4M	WATCH
86	APTAptos	4/10	116	$652.3M	WATCH
87	GNSGains Network	4/10	116	$9.5M	WATCH
88	QNTQuant	4/10	116	$3.53B	WATCH
89	SSonic (prev. Fantom)	4/10	115	$154.2M	WATCH
90	CFGCentrifuge	4/10	115	not published	WATCH
91	HBARHedera	4/10	112	$4.09B	WATCH
92	TNSRTensor	4/10	112	$27.8M	WATCH
93	GRASSGrass	4/10	111	$457.9M	WATCH
94	YFIYearn Finance	4/10	111	$86.4M	WATCH
95	FTMFantom	4/10	111	not published	WATCH
96	KNCKyber Network	4/10	110	$28.1M	WATCH
97	DYDXdYdX	4/10	109	$113.2M	WATCH
98	BICOBiconomy	4/10	109	$20.1M	WATCH
99	PERPPerpetual Protocol	4/10	108	$2.8M	WATCH
100	STORJStorj	4/10	108	$12.3M	WATCH
101	ALCXAlchemix	4/10	108	$6.6M	WATCH
102	XLMStellar	4/10	108	$7.01B	WATCH
103	VELAVela Exchange	4/10	107	not published	WATCH
104	GELGelato	4/10	107	$498.0K	WATCH
105	SSVSSV Network	4/10	106	$42.1M	WATCH
106	ZROLayerZero	4/10	106	$850.4M	WATCH
107	SLNDSolend	4/10	106	not published	WATCH
108	GTCGitcoin	4/10	106	$15.9M	WATCH
109	FXSFrax Share	4/10	105	$28.3M	WATCH
110	QUICKQuickSwap	4/10	105	$7.0M	WATCH
111	RDNTRadiant Capital	4/10	104	$1.0M	WATCH
112	RONRonin	4/10	104	$49.1M	WATCH
113	MLNEnzyme (Melon)	4/10	104	not published	WATCH
114	RSRReserve Rights	4/10	104	$100.3M	WATCH
115	CVXConvex Finance	4/10	103	$193.9M	WATCH
116	KLAYKlaytn	4/10	103	not published	WATCH
117	KSMKusama	4/10	103	$90.6M	WATCH
118	SHDWShadow Token	4/10	103	$5.3M	WATCH
119	TRUTrueFi	4/10	102	$1.1M	WATCH
120	APEApeCoin	4/10	102	$146.9M	WATCH
121	FILFilecoin	4/10	101	$867.2M	WATCH
122	ZECZcash	4/10	101	$22.59B	WATCH
123	VETVeChain	4/10	101	$692.4M	WATCH
124	ATHAethir	4/10	101	$132.9M	WATCH
125	ILVIlluvium	4/10	101	$31.5M	WATCH
126	MCMerit Circle (Beam)	4/10	101	not published	WATCH
127	DASHDash	4/10	101	$683.9M	WATCH
128	GMTSTEPN	4/10	101	$25.0M	WATCH
129	AUDIOAudius	4/10	101	$22.7M	WATCH
130	SEISei	4/10	100	$457.3M	WATCH
131	CORECore	4/10	100	$29.2M	WATCH
132	BADGERBadgerDAO	4/10	100	$6.4M	WATCH
133	USUALUsual Protocol	4/10	99	$23.6M	PASS
134	API3API3	4/10	99	$45.0M	PASS
135	FLRFlare	4/10	99	$609.8M	PASS
136	CFXConflux	4/10	98	$265.8M	PASS
137	MINAMina Protocol	4/10	98	$121.4M	PASS
138	IOTXIoTeX	4/10	98	$34.2M	PASS
139	ALGOAlgorand	4/10	97	$1.05B	PASS
140	COTICOTI	4/10	97	$39.1M	PASS
141	SKLSKALE	4/10	97	$26.6M	PASS
142	ACHAlchemy Pay	4/10	97	not published	PASS
143	REQRequest	4/10	97	$42.8M	PASS
144	RADRadicle	4/10	97	$19.5M	PASS
145	ANKRAnkr Network	4/10	96	$46.1M	PASS
146	POOLPoolTogether	4/10	96	$176.3K	PASS
147	FLUXFlux	4/10	96	$191.3K	PASS
148	CTSICartesi	4/10	96	$27.7M	PASS
149	ATOMCosmos	4/10	96	$899.5M	PASS
150	BALBalancer	4/10	95	$9.1M	PASS
151	ALPACAAlpaca Finance	4/10	95	$138.7K	PASS
152	YGGYield Guild Games	4/10	95	$22.5M	PASS
153	INVInverse Finance	4/10	95	$6.9M	PASS
154	POLYXPolymesh	4/10	95	$52.9M	PASS
155	CELOCelo	4/10	94	$57.3M	PASS
156	GLMRMoonbeam	4/10	94	$13.9M	PASS
157	RLCiExec	4/10	94	$61.1M	PASS
158	CKBNervos Network	4/10	93	$61.4M	PASS
159	1INCH1inch Network	4/10	93	$138.1M	PASS
160	BONKBonk	4/10	93	$300.8M	PASS
161	OSMOOsmosis	4/10	93	$26.6M	PASS
162	PROPPropy	4/10	93	$35.2M	PASS
163	FARMHarvest Finance	4/10	93	$5.1M	PASS
164	MOBILEHelium Mobile	4/10	92	$6.0M	PASS
165	PEPEPepe	4/10	92	$1.70B	PASS
166	MBOXMOBOX	4/10	92	$298.5K	PASS
167	HOPRHOPR	4/10	92	$8.7M	PASS
168	SNTStatus	4/10	92	$38.1M	PASS
169	ALPHAAlpha Venture DAO	4/10	91	$483.2K	PASS
170	PONDMarlin	4/10	91	$14.2M	PASS
171	CELRCeler Network	4/10	90	$22.9M	PASS
172	NANONano	4/10	90	$46.6M	PASS
173	ALICEMy Neighbor Alice	4/10	89	$16.9M	PASS
174	XTZTezos	4/10	88	$336.3M	PASS
175	WIFdogwifhat	4/10	88	$227.9M	PASS
176	PEAQpeaq	4/10	88	$102.2M	PASS
177	HIGHHighstreet	4/10	88	not published	PASS
178	SXPSolar	4/10	88	$2.5M	PASS
179	DENTDent	4/10	88	$6.2M	PASS
180	LEVERLeverFi	4/10	87	not published	PASS
181	GOGGuild of Guardians	4/10	86	$960.1K	PASS
182	AGLDAdventure Gold	4/10	86	$18.0M	PASS
183	CANTOCanto	4/10	86	$2.0M	PASS
184	EGLDMultiversX (prev. Elrond)	4/10	85	$123.2M	PASS
185	ROSEOasis Network	4/10	84	$62.0M	PASS
186	FORTHAmpleforth Governance	4/10	84	$3.0M	PASS
187	BONDBarnBridge	4/10	82	$93.5K	PASS
188	WAXPWAX	4/10	81	$26.9M	PASS
189	KAVAKava	4/10	80	$71.7M	PASS
190	PRCLParcl	4/10	80	$5.5M	PASS
191	FLOWFlow	4/10	78	$53.4M	PASS
192	LRCLoopring	4/10	78	$13.2M	PASS
193	IDEXIDEX	4/10	77	$838.1K	PASS
194	MCBMCDEX	4/10	76	$8.9M	PASS
195	NOTNotcoin	4/10	73	$45.0M	PASS
196	NEONeo	4/10	68	$166.5M	PASS
197	JUPJupiter	3/10	151	$1.04B	HOLD
198	BNBBNB	3/10	144	$102.38B	HOLD
199	SKYSky (formerly Maker)	3/10	141	$1.86B	CAUTIOUS HOLD
200	LEOUNUS SED LEO	3/10	126	$8.19B	CAUTIOUS HOLD
201	TRXTRON	3/10	125	$31.81B	CAUTIOUS HOLD
202	TIACelestia	3/10	120	$432.0M	CAUTIOUS HOLD
203	IOio.net	3/10	108	$63.1M	WATCH
204	OMMANTRA	3/10	108	$29.1M	WATCH
205	EIGENEigenLayer	3/10	107	$226.1M	WATCH
206	PYTHPyth Network	3/10	107	$557.2M	WATCH
207	PENGUPudgy Penguins	3/10	104	$535.4M	WATCH
208	SCROLLScroll	3/10	102	$4.7M	WATCH
209	ICPInternet Computer	3/10	102	$1.75B	WATCH
210	CROCronos	3/10	102	$3.12B	WATCH
211	NMRNumeraire	3/10	98	$105.4M	PASS
212	HTHuobi Token	3/10	98	$16.3M	PASS
213	ORDIORDI	3/10	96	$88.5M	PASS
214	ZKZKsync	3/10	95	$129.1M	PASS
215	MXMEXC Token	3/10	94	not published	PASS
216	TRBTellor	3/10	90	$56.4M	PASS
217	FLOKIFLOKI	3/10	88	$257.5M	PASS
218	BLASTBlast	3/10	87	$4.9M	PASS
219	NOSNosana	3/10	86	$52.5M	PASS
220	BLURBlur	3/10	84	$55.8M	PASS
221	MASKMask Network	3/10	82	$45.8M	PASS
222	IOTAIOTA	3/10	78	$248.2M	PASS
223	MANTAManta Network	3/10	76	$31.1M	PASS
224	AXSAxie Infinity	3/10	76	$207.3M	PASS
225	BTTBitTorrent	3/10	76	$357.4M	PASS
226	SUSHISushiSwap	3/10	74	$66.7M	PASS
227	BANDBand Protocol	3/10	73	$40.8M	PASS
228	MODEMode Network	3/10	72	$666.9K	PASS
229	SHIBShiba Inu	3/10	71	$3.17B	PASS
230	RBNRibbon Finance	3/10	68	$1.7M	PASS
231	SUPERSuperVerse	3/10	67	$144.5M	PASS
232	JASMYJasmyCoin	3/10	67	$243.3M	PASS
233	MANADecentraland	3/10	66	$197.1M	PASS
234	ZILZilliqa	3/10	63	$64.9M	PASS
235	SPELLSpell Token	3/10	63	$16.0M	PASS
236	DOGSDOGS	3/10	62	$22.6M	PASS
237	QTUMQtum	3/10	61	$97.7M	PASS
238	MEMEMemecoin	3/10	57	$36.6M	PASS
239	KDAKadena	3/10	50	$3.0M	PASS
240	LITLighter	2/10	125	$876.5M	WATCH
241	TONToncoin	2/10	110	$4.02B	WATCH
242	STRKStarknet	2/10	93	$366.4M	PASS
243	WWormhole	2/10	92	$93.6M	PASS
244	WLDWorldcoin	2/10	89	$1.96B	PASS
245	POPCATPopcat	2/10	73	$46.9M	PASS
246	MOVEMovement	2/10	67	$40.6M	PASS
247	SANDThe Sandbox	2/10	58	$219.2M	PASS
248	NEIRONEIRO	2/10	56	$35.3M	PASS
249	GALAGala Games	2/10	53	$114.2M	PASS
250	ONEHarmony	2/10	48	$32.9M	PASS
251	ONDOOndo Finance	1/10	115	$2.27B	WATCH

Scores come from the research pass dated 18 Sept 2026 and do not move with price. Market capitalisation is from the live snapshot fetched 7 Oct 2026, so the two columns are stamped at different times on purpose.

Variables that move with this one

Correlations across all 251 rated tokens. A number near 1 means the two variables are close to the same measurement, which is worth knowing before treating a second high score as independent confirmation of the first.

Common questions

Which crypto tokens score highest on holder concentration?: Ethereum (ETH) at 6, Bitcoin (BTC) at 6, GEODNET (GEOD) at 6, CoW Protocol (COW) at 6, Rocket Pool ETH (RETH) at 6 lead the 251 rated tokens on Holder Concentration, each scored 1 to 10 against the same definition.
What is a good holder concentration score?: The median across the universe is 4 of 10 and the mean is 3.99, so anything at 7 or above sits well inside the top of the distribution. Only 0 of 251 tokens reach 9 or 10.
Does holder concentration affect a token's market cap?: Rank correlation between Holder Concentration and market capitalisation is 0.2 across 236 tokens with live market data. That is a weak relationship, so the market prices it only partly.

Keep reading

All 25 variablesEvery variable ranked by how much the market actually pays for it.Ethereum full scorecardThe leader on this variable, scored across all 25 and ranked 1st of 251 here.All 251 rated tokensThe full ranking table and the method behind the 25 variables.

Research and analysis, not investment advice. Correlations describe the rated universe at one point in time and are not predictions.