Held tokens in addresses ≥ X (USD)

What is "Held tokens in addresses ≥ X (USD)"?

Held tokens in addresses ≥ X (USD) measures the total amount of native cryptocurrency held by addresses worth at least X US dollars, representing the economically meaningful portion of total supply. The default value is X = $100, but users can select from multiple thresholds including $1, $10, $100, $1K, $10K, $100K, $1M, and $10M to analyze supply distribution across different economic segments.

Why is "Held tokens in addresses ≥ X (USD)" important?

This metric separates economically meaningful supply from dust and abandoned balances. At the default $100 threshold, it measures supply held by active participants, excluding micro-balances and lost coins. Lower thresholds ($1-$10) capture nearly all live supply, showing maximum distribution. Mid-range thresholds ($1K-$100K) reveal concentration among investors with meaningful stakes. Higher thresholds ($1M+) show whale-controlled supply. High supply percentages even at elevated thresholds signal concerning centralization. Healthy distribution shows most supply only at very low thresholds (many small holders).

How is "Held tokens in addresses ≥ X (USD)" calculated?

Held tokens in addresses ≥ X (USD) is calculated by summing balances from all addresses where (balance × current USD price) ≥ X. Users can adjust the X parameter in the indicator settings to analyze supply concentration at different economic levels.