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Token Holder Analysis Skill for Claude

Token holder distribution, concentration metrics, insider detection, and supply analysis for Solana tokens

12k tokens
context cost
the whole folder, loaded on every use
6
files
ships runnable scripts
0
copies elsewhere
how many repositories repackaged it
257
stars on the repo
on the repository, not the skill itself

Install

one command, takes just this skill from the repository
npx skills add https://github.com/agiprolabs/claude-trading-skills --skill token-holder-analysis

The instruction itself

18 sections, as written by the author

Token Holder Analysis — Concentration, Distribution & Risk

Analyze who holds a token, how concentrated ownership is, and whether insider patterns suggest risk. This is a critical pre-trade safety check — high concentration means a few wallets can crash the price.

Quick Start

import httpx
import math

# Using Helius DAS API for holder data
HELIUS_KEY = os.getenv("HELIUS_API_KEY", "")
HELIUS = f"https://mainnet.helius-rpc.com/?api-key={HELIUS_KEY}"

# Or using SolanaTracker for holder + risk data
ST_KEY = os.getenv("SOLANATRACKER_API_KEY", "")
ST = "https://data.solanatracker.io"

# Get top holders via RPC
def get_top_holders(mint: str) -> list[dict]:
    resp = httpx.post(HELIUS, json={
        "jsonrpc": "2.0", "id": 1,
        "method": "getTokenLargestAccounts",
        "params": [mint],
    })
    return resp.json()["result"]["value"]

holders = get_top_holders("TOKEN_MINT")

Data Sources

| Source | What It Provides | Auth |

|--------|-----------------|------|

| Solana RPC (getTokenLargestAccounts) | Top 20 holders, supply | RPC key |

| Helius DAS (getAsset, token accounts) | Parsed holder data, metadata | API key |

| SolanaTracker (/tokens/{t}/holders/top) | Top 100 holders, bundler detection | API key |

| Birdeye (/defi/token_security) | Top 10 %, creator balance, freeze/mint auth | API key |

Concentration Metrics

Top-N Holder Percentage

The simplest measure — what % of supply do the top N holders control?

def top_n_percentage(holders: list[dict], supply: int, n: int = 10) -> float:
    """Calculate percentage held by top N holders.

    Args:
        holders: Sorted list of holders (largest first).
        supply: Total token supply.
        n: Number of top holders.

    Returns:
        Percentage (0-100) held by top N.
    """
    top_n_amount = sum(int(h.get("amount", 0)) for h in holders[:n])
    return top_n_amount / supply * 100 if supply > 0 else 0

Risk thresholds:

  • Top 10 < 30%: Well distributed
  • Top 10 30-50%: Moderate concentration
  • Top 10 50-80%: High concentration — significant dump risk
  • Top 10 > 80%: Extreme — likely controlled by a few wallets

Gini Coefficient

Measures inequality of token distribution (0 = perfectly equal, 1 = one holder owns everything).

def gini_coefficient(amounts: list[float]) -> float:
    """Calculate Gini coefficient for holder distribution.

    Args:
        amounts: List of holder amounts (any order).

    Returns:
        Gini coefficient between 0 and 1.
    """
    if not amounts or all(a == 0 for a in amounts):
        return 0.0
    sorted_amounts = sorted(amounts)
    n = len(sorted_amounts)
    cumsum = sum((i + 1) * a for i, a in enumerate(sorted_amounts))
    total = sum(sorted_amounts)
    return (2 * cumsum) / (n * total) - (n + 1) / n

Interpretation for crypto tokens:

  • Gini < 0.6: Unusual, very well distributed
  • Gini 0.6-0.8: Typical for established tokens
  • Gini 0.8-0.95: Common for newer tokens
  • Gini > 0.95: Extreme concentration, high risk

Herfindahl-Hirschman Index (HHI)

Measures market concentration — sum of squared market shares.

def hhi(amounts: list[float]) -> float:
    """Calculate HHI for holder concentration.

    Args:
        amounts: List of holder amounts.

    Returns:
        HHI value (0-10000). Higher = more concentrated.
    """
    total = sum(amounts)
    if total == 0:
        return 0.0
    shares = [a / total * 100 for a in amounts]
    return sum(s ** 2 for s in shares)

Interpretation:

  • HHI < 1500: Competitive (unconcentrated)
  • HHI 1500-2500: Moderately concentrated
  • HHI > 2500: Highly concentrated

Nakamoto Coefficient

Minimum number of holders needed to control >50% of supply.

def nakamoto_coefficient(amounts: list[float]) -> int:
    """Calculate Nakamoto coefficient (holders needed for 51%).

    Args:
        amounts: Sorted list of holder amounts (largest first).

    Returns:
        Number of holders needed for majority control.
    """
    total = sum(amounts)
    if total == 0:
        return 0
    threshold = total * 0.51
    cumulative = 0
    for i, amount in enumerate(sorted(amounts, reverse=True)):
        cumulative += amount
        if cumulative >= threshold:
            return i + 1
    return len(amounts)

Insider Detection Patterns

Bundler Detection

Bundlers use atomic transaction bundles (via Jito) to execute coordinated buys at token launch. Detection signals:

def detect_bundler_patterns(holders: list[dict], first_buyers: list[dict]) -> dict:
    """Identify potential bundler activity.

    Args:
        holders: Current top holders.
        first_buyers: Early buyers from SolanaTracker /first-buyers endpoint.

    Returns:
        Bundler risk analysis.
    """
    early_still_holding = [
        b for b in first_buyers
        if b.get("holdingAmount", 0) > 0
    ]
    early_holder_pct = sum(
        b.get("holdingPercentage", 0) for b in early_still_holding
    )

    return {
        "early_buyers_count": len(first_buyers),
        "still_holding_count": len(early_still_holding),
        "early_holder_pct": round(early_holder_pct, 2),
        "risk": "HIGH" if early_holder_pct > 20 else
                "MODERATE" if early_holder_pct > 10 else "LOW",
    }

Developer Holdings

Creator wallet retention is a risk signal:

def check_developer_risk(token_data: dict) -> dict:
    """Check developer wallet holdings and authority.

    Args:
        token_data: Token info from SolanaTracker or Birdeye.

    Returns:
        Developer risk assessment.
    """
    risk = token_data.get("risk", {})
    flags = []

    # Check creator balance (from Birdeye security endpoint)
    creator_balance = token_data.get("creatorBalance", 0)
    if creator_balance > 10:
        flags.append(f"Creator holds {creator_balance:.1f}% of supply")

    # Check mint authority
    if token_data.get("mintAuthority") or token_data.get("ownerAddress"):
        flags.append("Mint authority NOT renounced — supply can increase")

    # Check freeze authority
    if token_data.get("freezeAuthority") or token_data.get("freezeable"):
        flags.append("Freeze authority enabled — tokens can be frozen")

    return {
        "flags": flags,
        "risk_level": "HIGH" if len(flags) >= 2 else
                      "MODERATE" if len(flags) == 1 else "LOW",
    }

Sniper Detection

Snipers buy in the first few seconds/blocks after token creation:

def analyze_sniper_concentration(first_buyers: list[dict], total_supply: float) -> dict:
    """Analyze sniper impact on holder distribution.

    Args:
        first_buyers: First buyers data from SolanaTracker.
        total_supply: Total token supply.

    Returns:
        Sniper concentration analysis.
    """
    # Snipers typically buy in first 10 seconds
    snipers = first_buyers[:10]  # first N buyers are potential snipers
    sniper_holding = sum(b.get("holdingAmount", 0) for b in snipers)
    sniper_pct = sniper_holding / total_supply * 100 if total_supply > 0 else 0

    return {
        "sniper_count": len(snipers),
        "sniper_holding_pct": round(sniper_pct, 2),
        "sniper_still_holding": sum(1 for s in snipers if s.get("holdingAmount", 0) > 0),
        "risk": "HIGH" if sniper_pct > 15 else
                "MODERATE" if sniper_pct > 5 else "LOW",
    }

Complete Analysis Pipeline

def full_holder_analysis(mint: str) -> dict:
    """Run complete holder analysis for a token.

    Combines RPC, SolanaTracker, and computed metrics.
    """
    # 1. Get supply and top holders via RPC
    supply_result = rpc_call("getTokenSupply", [mint])
    total_supply = int(supply_result["result"]["value"]["amount"])

    holders = get_top_holders(mint)
    amounts = [int(h["amount"]) for h in holders]

    # 2. Compute concentration metrics
    metrics = {
        "total_supply": total_supply,
        "holder_count": len(holders),
        "top_1_pct": top_n_percentage(holders, total_supply, 1),
        "top_5_pct": top_n_percentage(holders, total_supply, 5),
        "top_10_pct": top_n_percentage(holders, total_supply, 10),
        "top_20_pct": top_n_percentage(holders, total_supply, 20),
        "gini": round(gini_coefficient(amounts), 4),
        "hhi": round(hhi(amounts), 1),
        "nakamoto": nakamoto_coefficient(amounts),
    }

    # 3. Risk classification
    t10 = metrics["top_10_pct"]
    if t10 > 80:
        metrics["risk"] = "EXTREME"
    elif t10 > 50:
        metrics["risk"] = "HIGH"
    elif t10 > 30:
        metrics["risk"] = "MODERATE"
    else:
        metrics["risk"] = "LOW"

    return metrics

Risk Classification Summary

| Metric | Low Risk | Moderate | High | Extreme |

|--------|----------|----------|------|---------|

| Top 10 % | <30% | 30-50% | 50-80% | >80% |

| Gini | <0.7 | 0.7-0.85 | 0.85-0.95 | >0.95 |

| HHI | <1500 | 1500-2500 | 2500-5000 | >5000 |

| Nakamoto | >10 | 5-10 | 2-4 | 1 |

| Mint Auth | Renounced | — | Active | Active + high dev % |

| Freeze Auth | Disabled | — | Enabled | Enabled + low liq |

Known Exclusions

When computing holder concentration, exclude these addresses which are programs/pools, not individual holders:

  • DEX pool addresses (Raydium, Orca, Meteora pools)
  • Token program vaults
  • Bridge escrow accounts
  • Known burn addresses
KNOWN_PROGRAMS = {
    "5Q544fKrFoe6tsEbD7S8EmxGTJYAKtTVhAW5Q5pge4j1",  # Raydium authority
    "GThUX1Atko4tqhN2NaiTazWSeFWMuiUvfFnyJyUghFMJ",  # Orca authority
    # Add more as needed
}

def filter_real_holders(holders: list[dict]) -> list[dict]:
    """Remove known program/pool accounts from holder list."""
    return [h for h in holders if h.get("address") not in KNOWN_PROGRAMS]

Files

References

  • references/concentration_metrics.md — Mathematical formulas and derivations for Gini, HHI, Nakamoto
  • references/insider_patterns.md — Bundler, sniper, and developer detection methodology
  • references/data_sources.md — How to fetch holder data from each API source

Scripts

  • scripts/analyze_holders.py — Full holder analysis: fetch holders, compute metrics, generate risk report
  • scripts/concentration_scanner.py — Scan multiple tokens for concentration risk

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How to use it

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Take agiprolabs/token-holder-analysis from the repository into ~/.claude/skills for personal use, or into .claude/skills inside a project.

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