Understanding the Etherscan Filter: Why Token Holder Amounts Differ
When trying to buy a new token on popular platforms like Etherscan, it is often noticed that the desired amount is significantly less than the amount available for sale. This phenomenon can be confusing, especially when it comes to purchasing tokens from many holders who own the same token. In this article, we will look at the reasons why token holder amounts differ on Etherscan.
Token Holder Distribution
The distribution of token holders is not always random or even. Etherscan data shows that certain groups of holders hold disproportionately more tokens compared to others. These groups can be influenced by a variety of factors, including:
- Market Capitalization: Token holders with a larger market cap tend to have greater influence over the price and availability of their token.
- Trading Activity: Holders who participate in large-scale trading activity often have a significant amount of tokens.
- Network Effects: The popularity of a token can increase demand, causing prices to rise and supply to be constrained.
Why Etherscan Filter Amounts Differ
Etherscan filter amounts are determined by the number of holders who own a certain percentage of the total market capitalization. This percentage is used to calculate the “filter amount”, which represents the minimum amount of tokens that can be sold at a certain price without affecting the total supply.
- Token Holder Concentration: If token holders have a high concentration of holders, their total market capitalization increases the demand for tokens. This results in a higher filter amount.
- Market Volatility
: During periods of high market volatility, token prices can fluctuate rapidly. This can increase demand and decrease supply, resulting in a lower filter amount.
The 1.8 million vs. 132 case
In your case, you initially had a large amount (1.8 million), but you were only able to purchase a smaller amount (132). There may be several reasons for this discrepancy:
- Token Holder Concentration: If the majority of holders holding tokens have a high market capitalization and are driven by trading activity, their combined effect can increase demand, reducing the available supply.
- Market Volatility: The sharp price swings at the time you attempted to purchase may have reduced the demand for 1.8 million tokens, making it more difficult to purchase the desired quantity.
Conclusion
The Etherscan filter volume is affected by a variety of factors, including token holder concentration, market capitalization, trading activity, and network effects. These factors can lead to increased supply and demand constraints, causing prices to rise or fall. Understanding these dynamics is crucial when attempting to purchase tokens on platforms like Etherscan.
By recognizing the possible reasons behind filter amounts, you can better navigate the market, make informed decisions, and potentially be successful in your token purchasing efforts.