# Top Holders Dive Report

The report analyzes a maximum of 100 top holders' wallets and looks like this:

# Trading Trends

Trends are calculated based on the most recent transactions the holder made: purchase or sell.

It sums up recent transactions if they were in one direction (for example, if the last swap was a buy and the one before that was also a buy, they will be summed up. This continues until a sell transaction is encountered).

75% buys does not mean the token is going up, because if everyone has already purchased the coin, they might now be waiting to sell.

# Suspicious Wallets

# No DeFi Activity

This means the account did not purchase the coin on an exchange itself and received it from another wallet. By clicking the "Suspicious Wallets" button, you can see the addresses of such wallets and investigate further.

This can be useful to find secret wallets where some top holders hide part of their token holdings to conceal the fact that their share is too large.

# Less Than 1 Day

If a wallet had no activity before 1 day from the token creation date, it may indicate:

• It is one of the first tokens the user tried to buy
• The person decided to trade on another platform and created a new wallet there (this can be checked by manually checking the source of the funds)
• Someone created fake wallets to hide their real activity

# Less Than 30 Days

This means the account did not have any transactions before that.

In detail, you may find "90% of activity in 30 days," which means the account did not perform many transactions earlier than a month ago. You can investigate these accounts further to see if they are legitimate.

# Wallet Types

Currently, it can detect BullX and Photon.

If you don't see any detected wallets in a small coin or see too many wallets on one platform, it may be a red flag.