A large share of supply sits in a few token accounts.
- Why it matters
- Concentrated supply increases dependence on a small number of accounts, and coordinated selling could move price sharply.
- Evidence
- The largest token accounts returned by Solana RPC, their owner authorities when available, and the supply share each represents.
- What it does not establish
- Account balances alone do not establish beneficial ownership — exchange, program, and custody accounts are not separately classified.