Read tokens

Retail accumulating, bots pumping volume and bundled wallets dumping all look the same on a price chart. The card separates them. It goes top-down: first how much the price may move, then who holds the token, then who is moving it today.

Expected move and price

The card opens with the expected move in large type, the same number you saw in the row. Under it is the price chart with a 24h / 7D switch, and the percentage next to the Price label is the change over the selected period. Opening a card refreshes the token's data.

The Swap button opens the swap module for this token. Under the button are the current price and market cap.

Holders and Supply

Two bars split the token between four groups of wallets.

• Organic: real people, from retail to active traders acting by hand.

• Bundled: addresses whose on-chain behavior is strongly tied to this token. Insiders and Farmers are its two subcategories.

• Automated: trading bots and DeFi bots.

• Apps: infrastructure. Protocols, exchange deposit addresses, custodians, token contracts.

Holders shows the share of wallets in each group and Supply shows the share of tokens each group holds. The two bars can tell different stories about the same token, which is why they sit next to each other and why one wallet never tells you who owns it. In the example below, Organic wallets are 54% of holders but hold 7% of supply, while Bundled wallets are 40% of holders and hold 68%. The token looks organic by headcount and is bundled by ownership.

Under the bars is the contract section, one line per chain the token trades on, each with a chain tag, the address and a Copy button, and a link to DexScreener.

Signal Rarity

Signal Rarity shows who is moving the token today, and whether that's unusual for this token.

Activity is split into 15 axes. Eight of them are categories, meaning kinds of wallets, and seven are flows, meaning kinds of transactions. The card shows a few axes at first, and Show all 15 axes unfolds the rest. Each axis is defined at the end of this page.

Every axis has the same three numbers for the last day: Volume in USD, Transactions, and Wallets that took part. Next to each number is a rarity label, from Common through Moderate and Rare to Extreme. The label compares today's value with this token's own history, not with other tokens, so it tells you where the token is behaving differently from itself. On the screenshot above, $3.29M of Smart Money volume is only Moderate for this token, while $1.26M of OTC volume is Rare.

Under the three numbers, categories, trading flows and deposit flows also show a direction for the day. For a category it's Strong inflow, Inflow, Balanced, Outflow or Strong outflow, with Sent · Received · Net in USD on the line below. Inflow means wallets of this category received more of the token than they sent, so they were accumulating. Outflow means the opposite. For trading flows the direction is Buying vs Selling, and for deposit flows it's Deposits vs Withdrawals, with the larger side highlighted and Net and Total underneath. Deposit addresses are not only exchanges; deposit addresses of protocols and the key addresses of wallet clusters count as well. Automated Trading, B2B Transactions and OTC are internal flows and show only the three numbers.

Reading rarity and direction together

Rarity tells you which axis is unusual today. Direction tells you which way that unusual activity went. Read them as a pair, one axis at a time.

Take a card where Smart Money shows Rare by Volume with Strong inflow, and Retail shows Common with Balanced. In plain words, smart money wallets moved far more dollars into this token than they usually do, while retail did nothing out of the ordinary. Now take the reverse, Retail at Extreme by Wallets with Strong inflow and Insiders at Rare with Strong outflow. An unusually large number of retail wallets came in today, and at the same time insider wallets were leaving.

Both cards describe who did what today. Alpha Search shows how much a token may move and who is moving it. Which way it goes is yours to judge.

The 15 axes

Categories are kinds of wallets. The first four map onto the Holders bar: Retail is part of Organic, Bundled Wallets is Bundled, Bots & Contracts and Market Makers are Automated, Exchanges & Protocols is Apps. Smart Money cuts across groups.

• Retail: addresses whose on-chain behavior looks like that of ordinary organic users.

• Bundled Wallets: the Bundled group from the Holders bar. Two subcategories below.

• Insiders: addresses whose activity is tied to this token only. A subcategory of Bundled Wallets.

• Farmers: addresses whose activity is mostly tied to this token. A subcategory of Bundled Wallets.

• Bots & Contracts: addresses that run automated trading or automated actions.

• Market Makers: automated trading tied to this token only.

• Smart Money: addresses running complex strategies, by hand and/or automated.

• Exchanges & Protocols: addresses of organizations.

Flows are kinds of transactions.

• Retail Trading: trading volume of the Retail category.

• Insider Trading: trading volume of the Insiders category.

• Automated Trading: trading volume of Bots & Contracts, Market Makers and Smart Money, since most smart money strategies run automated.

• Retail Deposits: deposits to and withdrawals from exchange, deposit and key cluster addresses by Retail wallets.

• Insider Deposits: the same, by Insider wallets.

• B2B Transactions: transfers between addresses of organizations and apps.

• OTC: peer-to-peer transfers between wallets.