$ZORA Holder structure – high risk
• Distribution Score: 9 (Highly centralized)
→ The token is concentrated in a small number of large wallets. This means there is a risk of a sharp dump at any moment.
• Top 100 Addresses: 9.34B (+4.3%)
→ Top wallets maintain/increase their share, but this is not always bullish: liquidity is often prepared for exit.
• Exchange balance: 6.96B (-5.11%)
→ A portion is being withdrawn from the exchange, but this is balanced by DEX sells (below).
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• Balance drops sharply at the same time
➡️ This is not "price up, supply out," but rather "price up