Covenant Foundationy4JiNFzBPofqiCpuDTcVq11nhUDQoDzeK1UBCoXxF9y
Case file · ante-mortem observation
STABLE.
Severe concentration and whale dependency
Grade Score
95/100
Grade A · STABLE
Mkt Cap
$274.6K
+12.8% · 24h
Liquidity
$58.6K
Volume 24h
$39.7K
Holders
400
Heavy Concentration
Field Report
A-Grade Token Shows Troubling Concentration Symptoms
In the wilds of Solana, we observe the Covenant Foundation in a curious state of suspended animation—technically alive, yet exhibiting the telltale signs of a predator's feast. With 69% of its flesh claimed by merely ten holders, this creature presents a masterclass in the art of centralized distribution, a paradox most curious for a supposedly decentralized organism.
Diagnosis
Liquidity
Thin but live
$58.6K pool depth.
Activity
Modest
$39.7K volume / 24h.
Holders
Skewed
Top 5 hold 46.7% of supply.
Cause
Likely Cause
Severe concentration and whale dependency
Patient Note
Grade A for effort, F for mathematics: when ten holders own your future, you're not a token—you're a poorly disguised exit strategy.
Holders
Top 1
27.6%
Top 5
46.7%
Top 10
55.6%
012wim...7KD127.56%
0299Zb...btt15.41%
03GgDA...rZst5.41%
04AezP...KPBz5.14%
056yaq...7VUL3.14%
068bS8...PSQB2.10%
07Gg4g...Y96t1.82%
087mde...R5M61.73%
098Hh4...6huK1.65%
10Bq9i...pErv1.61%
BEHAVIORAL COST BREAKDOWN
59.68 SOL
total lost — cohort
Emotional TradingPRIMARY
59.68 SOL100.0%
Mistimed Exits
0.000 SOL0.0%
Position Sizing
0.000 SOL0.0%
Standard Losses
0.000 SOL0.0%
Emotional Trading drove most of the cost across this cohort. Panic buys, panic exits, averaging down into losses.
Based on 1 holder · scanned 34d ago