On this page
Four checks that answer different questions
| Check | Interpretation | Limit |
|---|---|---|
| Holder concentration | How much supply a small group of wallets controls. | Addresses can be related; a wallet count is not a person count. |
| Creator and early buyers | Whether the creator sold and how early participants changed positions. | Timing-based bundle and sniper labels are heuristics, not proof of coordination. |
| Safety report | Available authority, distribution and provider risk findings. | A missing or stale report is not a pass. |
| Exit quote | Whether an executable route exists for the intended size now. | Liquidity and routes can disappear before submission. |
Distinguish complete and partial holder histories
Blix can build a holder ledger from the trades it observes. A coin watched from its first trades has more context for early-buyer analysis than one discovered mid-life. Read source and completeness indicators; an unavailable bundle percentage must not be treated as zero.
Other feeds may provide a current holder snapshot or risk report rather than the same transaction history. When figures differ, compare their timestamp, source and coverage before deciding that one is wrong.
A rising price can coexist with a poor exit
A last-traded price does not show how much a position could sell for. Check a current sell quote and its size, price impact and route. Blix tracks stale, illiquid and unsellable states because a nominal market cap can persist after practical liquidity has disappeared.
A repeatable review
- Confirm the mint and data freshness.
- Read concentration and creator activity alongside their source.
- Check whether early-buyer figures are complete, partial or unavailable.
- Inspect the available safety report and sell quote.
- Record unresolved questions with the research thesis.
About this guide
Reviewed by BLIX on October 10, 2026 against the product implementation. Availability depends on your account and connected providers. Explore the BLIX guides for related workflows.
Frequently asked questions
Is this a guaranteed rug-pull detector?
No. Holder patterns, authority checks and liquidity evidence can reveal concerns, but they cannot prove a token will remain tradable or prevent fraud.
Does a bundle label prove insider ownership?
No. Shared timing or funding relationships are evidence for investigation, not verified identities.