The most valuable thirty seconds before buying into a collection or token is checking whether the top holders are actually one entity. A table of addresses will not tell you. A graph of funding relationships will.
How it works
Each holder is a bubble sized by holding, with lines connecting wallets that have funded or transacted with one another. Clusters of connected large holders — the standard pattern where insiders control most of the supply while presenting a distributed holder count — stand out immediately.
The false positive
Wallets funded from the same exchange withdrawal address appear linked while being unrelated users. Sophisticated actors also break linkage deliberately by routing through exchanges or mixers. A clean map is therefore weaker evidence than a dirty one, and a cluster warrants investigation rather than a conclusion.
Coverage and cost
Major EVM chains and Solana with a free view for well-known assets, and paid plans from around $20 a month for broader coverage and historical snapshots. Coverage skews toward tokens over NFT collections.
Who should use it
Anyone buying outside the top collections or tokens. It is the cheapest diligence available and the one most clearly linked to losses avoided.