Ownership

Insider Selling, ranked

Observed selling by teams, treasuries and early investors.

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

Median
5/10
mean 4.62
Scoring 9 or 10
1
of 251 rated
Composite link
0.58
correlation with total score
Market link
0.05
rank correlation with market cap, n=236
01

What this variable measures

Observed selling by teams, treasuries and early investors.

A 10 means insiders are holding or adding. A 1 means sustained, documented distribution into the market.

Insiders know the roadmap. Persistent selling by people with better information is the cheapest bear case available.

02

What the universe says

Across 251 rated tokens the median score on Insider Selling is 5 of 10 and the mean is 4.62. 1 token scores 9 or 10, and 10 score 2 or below. Bitcoin leads at 9 of 10.

Insider Selling correlates 0.58 with the composite score across the universe, which makes it moderately 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, Insider Selling carries a rank correlation of 0.05. That is effectively no relationship. Whatever this variable measures, the market is not currently charging for it, which is the definition of an unpriced edge if you believe the variable matters.

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

GEODNET (GEOD) scores 8 of 10 on Insider Selling, 2nd of 251, on a market capitalisation under $500M. That gap between rank on this variable and rank by size is the whole reason to read the table rather than the top ten.

03

Distribution across the universe

3
1
7
2
41
3
50
4
109
5
21
6
13
7
6
8
1
9
0
10

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.

04

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 Insider Selling, scored 1 to 10
#TokenInsider SellingCompositeMarket capVerdict
1BTCBitcoinDigital gold with a large spot ETF complex and 94.5% supply mined. Store-of-value thesis intact, though ETF assets fell through 2026.9/10183$1.67THOLD CORE
2WSTETHWrapped Lido Staked ETHLido's wrapped staked ETH, the DeFi collateral standard with about $17.7B TVL and native yield; dominant LST by every metric8/10185$11.76BHOLD CORE
3GEODGEODNETRevenue 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.8/10169$137.0MHOLD
4RETHRocket Pool ETHDecentralized ETH liquid staking token from Rocket Pool; most trust-minimized LST with permissionless node operators8/10159$946.8MHOLD
5GMXGMXProtocol revenue ~$14M (not $42M total fees). Commodity perps live ($1.18B week-1). $20.86M buybacks.8/10143$84.3MHOLD
6PAXGPAX Gold1:1 gold-backed token. Each PAXG = 1 troy oz London Good Delivery gold.8/10141$1.79BHOLD
7SNXSynthetixBest tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74.8/10130$137.5MCAUTIOUS HOLD
8ETHEthereumInstitutional settlement layer. Commodity classification. Burn collapsed but moat intact.7/10187$313.17BHOLD CORE
9MKRMaker / Sky$124M Q1 revenue. 2.7x gross P/S (~6.7x net). Buyback allocation cut from 75% to 7.5% of surplus in Mar 2026 to fund a $150M Solvency Reserve. Sky rebrand: about 81% of MKR already upgraded to SKY.7/10177not publishedHOLD CORE
10SYRUPMaple FinanceInstitutional private-credit leader with a record ~$2B loan book, a Kraken on-chain warehouse (Jun 25) and a Revolut listing (Apr 30, UK/EU). But the 1.6x price-to-fees pitch uses gross fees; the token keeps ~$12-13M revenue, so it trades ~14x. Core Foundation dispute settled in May 2026.7/10168$268.1MHOLD
11COWCoW Protocol7/10167$82.3MHOLD
12ETHFIEther.fi7/10162$680.1MHOLD
13CBETHCoinbase Wrapped Staked ETH7/10158$484.5MHOLD
14LQTYLiquity7/10151$23.3MHOLD
15JUPJupiter7/10151$1.04BHOLD
16FLUIDFluid (Instadapp)7/10145$158.2MCAUTIOUS HOLD
17NEARNEAR Protocol7/10135$6.64BCAUTIOUS HOLD
18XMRMonero7/10117$10.41BWATCH
19GNSGains Network7/10116$9.5MWATCH
20LTCLitecoin7/10102$5.15BWATCH
21AEROAerodrome Finance6/10157$794.7MHOLD
22MORPHOMorpho6/10157$1.75BHOLD
23AAVEAave6/10156$2.65BHOLD
24VIRTUALVirtuals Protocol6/10151$502.6MCAUTIOUS HOLD
25OKBOKB6/10145$2.75BHOLD
26SKYSky (formerly Maker)6/10141$1.86BCAUTIOUS HOLD
27ARArweave6/10140$274.9MHOLD
28AVAXAvalanche6/10138$4.93BCAUTIOUS HOLD
29ENSEthereum Name Service6/10137$269.1MCAUTIOUS HOLD
30ACXAcross Protocol6/10137$30.5MCAUTIOUS HOLD
31RAYRaydium6/10129$670.5MCAUTIOUS HOLD
32GNOGnosis6/10128$316.6MCAUTIOUS HOLD
33LEOUNUS SED LEO6/10126$8.19BCAUTIOUS HOLD
34KASKaspa6/10114$1.11BWATCH
35ADACardano6/10113$9.57BWATCH
36RUNETHORChain6/10106$234.5MPASS
37DASHDash6/10101$683.9MWATCH
38ORDIORDI6/1096$88.5MPASS
39NANONano6/1090$46.6MPASS
40ETCEthereum Classic6/1090$1.32BPASS
41RVNRavencoin6/1074$36.1MPASS
42HYPEHyperliquid5/10193$19.71BHOLD CORE
43SOLSolana5/10170$68.57BHOLD
44CETUSCetus Protocol5/10147$25.0MHOLD
45LDOLido DAO5/10146$353.8MHOLD
46DRIFTDrift Protocol5/10142$14.3MHOLD
47INJInjective5/10139$727.9MCAUTIOUS HOLD
48KMNOKamino Finance5/10138$214.9MCAUTIOUS HOLD
49BANANABanana Gun5/10135$15.5MCAUTIOUS HOLD
50BGBBitget Token5/10135$1.37BCAUTIOUS HOLD
51SAFESafe (formerly Gnosis Safe)5/10132$84.0MCAUTIOUS HOLD
52OLASOlas (Autonolas)5/10129$13.4MCAUTIOUS HOLD
53AKTAkash Network5/10129$210.6MCAUTIOUS HOLD
54TAOBittensor5/10128$3.29BCAUTIOUS HOLD
55RENDERRender Network5/10127$1.05BCAUTIOUS HOLD
56CAKEPancakeSwap5/10123$698.0MCAUTIOUS HOLD
57LPTLivepeer5/10123$82.2MCAUTIOUS HOLD
58GTGateToken5/10123not publishedCAUTIOUS HOLD
59ORCAOrca5/10123$167.2MCAUTIOUS HOLD
60HNTHelium5/10122$97.6MCAUTIOUS HOLD
61GRTThe Graph5/10121$297.6MCAUTIOUS HOLD
62VELOVelodrome Finance5/10121$46.1MCAUTIOUS HOLD
63MAVMaverick Protocol5/10121$13.1MCAUTIOUS HOLD
64VRTXVertex Protocol5/10121not publishedCAUTIOUS HOLD
65CHZChiliz5/10120$165.6MCAUTIOUS HOLD
66COMPCompound5/10119$234.1MWATCH
67PRIMEEchelon Prime5/10119$14.8MWATCH
68MNDEMarinade5/10119$15.6MWATCH
69KCSKuCoin Token5/10119not publishedWATCH
70STXStacks5/10118$697.8MWATCH
71WOOWOO Network5/10118$23.6MWATCH
72STGStargate Finance5/10117$20.1MWATCH
73JOETrader Joe5/10117$17.4MWATCH
74QNTQuant5/10116$3.53BWATCH
75CFGCentrifuge5/10115not publishedWATCH
76HBARHedera5/10112$4.09BWATCH
77TNSRTensor5/10112$27.8MWATCH
78YFIYearn Finance5/10111$86.4MWATCH
79FTMFantom5/10111not publishedWATCH
80KNCKyber Network5/10110$28.1MWATCH
81FETFetch.ai (ASI Alliance)5/10109$522.8MWATCH
82BICOBiconomy5/10109$20.1MWATCH
83PERPPerpetual Protocol5/10108$2.8MWATCH
84STORJStorj5/10108$12.3MWATCH
85ALCXAlchemix5/10108$6.6MWATCH
86XLMStellar5/10108$7.01BWATCH
87VELAVela Exchange5/10107not publishedWATCH
88GELGelato5/10107$498.0KWATCH
89SLNDSolend5/10106not publishedWATCH
90GTCGitcoin5/10106$15.9MWATCH
91THETATheta Network5/10105$214.2MWATCH
92QUICKQuickSwap5/10105$7.0MWATCH
93RONRonin5/10104$49.1MWATCH
94MLNEnzyme (Melon)5/10104not publishedWATCH
95RSRReserve Rights5/10104$100.3MWATCH
96DOTPolkadot5/10103$1.88BWATCH
97KLAYKlaytn5/10103not publishedWATCH
98KSMKusama5/10103$90.6MWATCH
99SHDWShadow Token5/10103$5.3MWATCH
100CROCronos5/10102$3.12BWATCH
101TRUTrueFi5/10102$1.1MWATCH
102APEApeCoin5/10102$146.9MWATCH
103VETVeChain5/10101$692.4MWATCH
104ILVIlluvium5/10101$31.5MWATCH
105MCMerit Circle (Beam)5/10101not publishedWATCH
106GMTSTEPN5/10101$25.0MWATCH
107AUDIOAudius5/10101$22.7MWATCH
108BADGERBadgerDAO5/10100$6.4MWATCH
109NMRNumeraire5/1098$105.4MPASS
110IOTXIoTeX5/1098$34.2MPASS
111COTICOTI5/1097$39.1MPASS
112SKLSKALE5/1097$26.6MPASS
113ACHAlchemy Pay5/1097not publishedPASS
114REQRequest5/1097$42.8MPASS
115RADRadicle5/1097$19.5MPASS
116POOLPoolTogether5/1096$176.3KPASS
117FLUXFlux5/1096$191.3KPASS
118CTSICartesi5/1096$27.7MPASS
119ALPACAAlpaca Finance5/1095$138.7KPASS
120YGGYield Guild Games5/1095$22.5MPASS
121INVInverse Finance5/1095$6.9MPASS
122POLYXPolymesh5/1095$52.9MPASS
123GLMRMoonbeam5/1094$13.9MPASS
124RLCiExec5/1094$61.1MPASS
125OSMOOsmosis5/1093$26.6MPASS
126PROPPropy5/1093$35.2MPASS
127FARMHarvest Finance5/1093$5.1MPASS
128MBOXMOBOX5/1092$298.5KPASS
129HOPRHOPR5/1092$8.7MPASS
130SNTStatus5/1092$38.1MPASS
131ALPHAAlpha Venture DAO5/1091$483.2KPASS
132PONDMarlin5/1091$14.2MPASS
133TRBTellor5/1090$56.4MPASS
134CELRCeler Network5/1090$22.9MPASS
135DOGEDogecoin5/1089$13.83BPASS
136ALICEMy Neighbor Alice5/1089$16.9MPASS
137WIFdogwifhat5/1088$227.9MPASS
138HIGHHighstreet5/1088not publishedPASS
139SXPSolar5/1088$2.5MPASS
140DENTDent5/1088$6.2MPASS
141LEVERLeverFi5/1087not publishedPASS
142NOSNosana5/1086$52.5MPASS
143AGLDAdventure Gold5/1086$18.0MPASS
144CANTOCanto5/1086$2.0MPASS
145FORTHAmpleforth Governance5/1084$3.0MPASS
146BONDBarnBridge5/1082$93.5KPASS
147WAXPWAX5/1081$26.9MPASS
148IOTAIOTA5/1078$248.2MPASS
149IDEXIDEX5/1077$838.1KPASS
150MCBMCDEX5/1076$8.9MPASS
151UNIUniswap4/10167$4.91BHOLD
152PENDLEPendle Finance4/10160$391.5MHOLD
153SUISui4/10146$4.63BHOLD
154BNBBNB4/10144$102.38BHOLD
155CRVCurve Finance4/10140$552.7MHOLD
156ARBArbitrum4/10134$1.25BCAUTIOUS HOLD
157JTOJito4/10134$263.0MCAUTIOUS HOLD
158BERABerachain4/10127$76.8MCAUTIOUS HOLD
159POLPolygon system Token4/10123$1.08BCAUTIOUS HOLD
160XRPXRP4/10121$90.31BCAUTIOUS HOLD
161IMXImmutable X4/10117$156.3MWATCH
162SSonic (prev. Fantom)4/10115$154.2MWATCH
163GRASSGrass4/10111$457.9MWATCH
164MATICPolygon (Legacy)4/10110$1.08BWATCH
165SSVSSV Network4/10106$42.1MWATCH
166ZROLayerZero4/10106$850.4MWATCH
167FXSFrax Share4/10105$28.3MWATCH
168RPLRocket Pool4/10104$40.8MWATCH
169RDNTRadiant Capital4/10104$1.0MWATCH
170CVXConvex Finance4/10103$193.9MWATCH
171ZECZcash4/10101$22.59BWATCH
172ATHAethir4/10101$132.9MWATCH
173API3API34/1099$45.0MPASS
174FLRFlare4/1099$609.8MPASS
175CFXConflux4/1098$265.8MPASS
176HTHuobi Token4/1098$16.3MPASS
177ALGOAlgorand4/1097$1.05BPASS
178ANKRAnkr Network4/1096$46.1MPASS
179BALBalancer4/1095$9.1MPASS
180CELOCelo4/1094$57.3MPASS
181MXMEXC Token4/1094not publishedPASS
182CKBNervos Network4/1093$61.4MPASS
183BONKBonk4/1093$300.8MPASS
184MOBILEHelium Mobile4/1092$6.0MPASS
185PEPEPepe4/1092$1.70BPASS
186XTZTezos4/1088$336.3MPASS
187FLOKIFLOKI4/1088$257.5MPASS
188PEAQpeaq4/1088$102.2MPASS
189GOGGuild of Guardians4/1086$960.1KPASS
190EGLDMultiversX (prev. Elrond)4/1085$123.2MPASS
191ROSEOasis Network4/1084$62.0MPASS
192KAVAKava4/1080$71.7MPASS
193PRCLParcl4/1080$5.5MPASS
194LRCLoopring4/1078$13.2MPASS
195BTTBitTorrent4/1076$357.4MPASS
196NOTNotcoin4/1073$45.0MPASS
197POPCATPopcat4/1073$46.9MPASS
198SHIBShiba Inu4/1071$3.17BPASS
199ZILZilliqa4/1063$64.9MPASS
200DOGSDOGS4/1062$22.6MPASS
201LINKChainlink3/10165$10.01BHOLD
202TRXTRON3/10125$31.81BCAUTIOUS HOLD
203LITLighter3/10125$876.5MWATCH
204OPOptimism3/10123$273.9MCAUTIOUS HOLD
205ENAEthena3/10120$3.06BCAUTIOUS HOLD
206TIACelestia3/10120$432.0MCAUTIOUS HOLD
207APTAptos3/10116$652.3MWATCH
208ONDOOndo Finance3/10115$2.27BWATCH
209DYDXdYdX3/10109$113.2MWATCH
210IOio.net3/10108$63.1MWATCH
211OMMANTRA3/10108$29.1MWATCH
212PYTHPyth Network3/10107$557.2MWATCH
213PENGUPudgy Penguins3/10104$535.4MWATCH
214SCROLLScroll3/10102$4.7MWATCH
215ICPInternet Computer3/10102$1.75BWATCH
216FILFilecoin3/10101$867.2MWATCH
217SEISei3/10100$457.3MWATCH
218CORECore3/10100$29.2MWATCH
219USUALUsual Protocol3/1099$23.6MPASS
220MINAMina Protocol3/1098$121.4MPASS
221ATOMCosmos3/1096$899.5MPASS
222ZKZKsync3/1095$129.1MPASS
2231INCH1inch Network3/1093$138.1MPASS
224BLASTBlast3/1087$4.9MPASS
225MASKMask Network3/1082$45.8MPASS
226FLOWFlow3/1078$53.4MPASS
227MANTAManta Network3/1076$31.1MPASS
228AXSAxie Infinity3/1076$207.3MPASS
229SUSHISushiSwap3/1074$66.7MPASS
230BANDBand Protocol3/1073$40.8MPASS
231MODEMode Network3/1072$666.9KPASS
232NEONeo3/1068$166.5MPASS
233RBNRibbon Finance3/1068$1.7MPASS
234SUPERSuperVerse3/1067$144.5MPASS
235JASMYJasmyCoin3/1067$243.3MPASS
236MANADecentraland3/1066$197.1MPASS
237QTUMQtum3/1061$97.7MPASS
238MEMEMemecoin3/1057$36.6MPASS
239NEIRONEIRO3/1056$35.3MPASS
240KDAKadena3/1050$3.0MPASS
241ONEHarmony3/1048$32.9MPASS
242TONToncoin2/10110$4.02BWATCH
243EIGENEigenLayer2/10107$226.1MWATCH
244STRKStarknet2/1093$366.4MPASS
245WWormhole2/1092$93.6MPASS
246WLDWorldcoin2/1089$1.96BPASS
247BLURBlur2/1084$55.8MPASS
248SPELLSpell Token2/1063$16.0MPASS
249MOVEMovement1/1067$40.6MPASS
250SANDThe Sandbox1/1058$219.2MPASS
251GALAGala Games1/1053$114.2MPASS

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.

05

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.

06

Common questions

Which crypto tokens score highest on insider selling?
Bitcoin (BTC) at 9, Wrapped Lido Staked ETH (WSTETH) at 8, GEODNET (GEOD) at 8, Rocket Pool ETH (RETH) at 8, GMX (GMX) at 8 lead the 251 rated tokens on Insider Selling, each scored 1 to 10 against the same definition.
What is a good insider selling score?
The median across the universe is 5 of 10 and the mean is 4.62, so anything at 7 or above sits well inside the top of the distribution. Only 1 of 251 tokens reach 9 or 10.
Does insider selling affect a token's market cap?
Rank correlation between Insider Selling and market capitalisation is 0.05 across 236 tokens with live market data. That is close to none, so the market is not pricing this variable today.

Keep reading

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