Chapter 5

Token and Holder Metrics

Token analytics combine market data with on-chain behavior — holder count, transfer volume, exchange flows, and concentration. Price alone misses whether activity is organic or manufactured.

Net exchange inflows often precede sell pressure; outflows suggest accumulation off exchange. Stablecoin flows indicate buying power entering ecosystems. Track labeled exchange wallets for macro signals.

Circulating supply on price trackers may differ from tokens actually moving. Low-float tokens with high fully diluted valuation show thin on-chain activity relative to hype. Always cross-check headline numbers against transfer volume.