How to read top holders on a Solana token
Short answer: exclude the liquidity pool, burn and exchange addresses, then add up the top 10 real wallets. Over 50% is a concentration warning. One wallet above about 10% deserves a look, especially if it is the creator or linked to it.
What to look for
- Several top wallets funded by the same source (likely one person).
- Fresh wallets with only this token.
- The bonding curve or pool shown as #1: that's normal, ignore it.
GlassDex shows "Top 10 holders: N% of supply" on every token page.
FAQ
What top-10 holder percentage is safe?
There is no safe number, but over 50% held by the top 10 wallets is a strong warning sign.
Should I count the liquidity pool as a holder?
No. The pool, burn address and exchanges should be excluded.
Updated
Just a scan tool, not financial advice.