Ethereum: Etherscan – why is the quantity filtered by token holder different?
Understanding the Etherscan Filter: Why Token Holder Values Differ
When trying to buy a new token on popular platforms like Etherscan, it’s common to notice that the quantity you want is significantly lower than the quantity available for sale. This phenomenon can be puzzling, especially when it comes to buying tokens from a large number of holders who hold the same token. In this article, we’ll dive deeper into the reasons why token holder values on Etherscan vary.
Token Holder Distribution
The distribution of token holders is not always random or uniform. Data from Etherscan shows that certain groups of holders tend to hold a disproportionately large amount of tokens compared to others. These groupings can be influenced by a number of factors, including:
- Market Capitalization: Token holders with larger market capitalizations tend to have greater influence on the price and availability of their tokens.
- Trading Activity: Holders who engage in high-volume trading activity often hold a significant number of tokens.
- Network Effects: The popularity of a token can lead to an increase in demand, causing prices to rise and supply constraints to arise.
Why Etherscan Filter Quantities Are Different
Etherscan filter values are determined by the number of holders who hold a certain percentage of the total market capitalization. This percentage is used to calculate the “filter quantity,” which represents the minimum amount of tokens that can be sold at a given price without impacting the overall supply.
- Token Holder Concentration: When token holders have a high concentration of holders, their combined market capitalization leads to increased demand for the tokens. As a result, the filter quantity is higher.
- Market Volatility
: During periods of high market volatility, token prices can fluctuate greatly. This can lead to increased demand and decreased supply, resulting in lower filter quantities.
1.8M vs. 132 Case
In your case, you initially had a large quantity (1.8M), but were only able to purchase a smaller quantity (132). There could be several reasons for this discrepancy:
- Token Holder Concentration: If the majority of token holders have high market capitalization and are motivated by trading activity, their cumulative influence could lead to increased demand, reducing the available supply.
- Market Volatility: Rapid price fluctuations at the time you attempted to purchase could have resulted in reduced demand for 1.8M tokens, making it difficult to purchase the desired quantity.
Anmeldung
Etherscan filter quantities are influenced by several factors, including token holder concentration, market capitalization, trading activity, and network effects. These factors can lead to increased demand and supply constraints, causing prices to rise or fall accordingly. Understanding these dynamics is crucial when trying to buy tokens on platforms like Etherscan.
By recognizing the possible reasons behind filter values, you can better navigate the market, make informed decisions, and potentially succeed in your token buying endeavors.