How ordinary newcomers can judge a project's market maker's control of chips. In fact, using the data on GMGN makes it easy to see. Let me share my commonly used trilogy.
One GMGN Integrated Faster100
GMGN integrated Faster100 allows you to clearly see the control situation of the chips. Moreover, the version on GMGN is free. The image below shows the chip distribution of the COM token, clearly depicting a very large associated cluster, accounting for 50.42% of the chips. This cluster includes an address that the project claims is 40% locked up, and another 10% address is also controlled by the project party.
If you bought COM, then just focus on the 10% that the project party controls secretly; when they sell, you should sell.
In the image, you can also see several address clusters, such as a yellow cluster of 5 addresses and a green cluster of 7 addresses. These are generally also controlled by the project party or market makers. However, Faster100 did not find evidence of their association. You can conduct deeper exploration on the browser.
Sometimes we can see 2-3 addresses, which are generally large holders; sometimes they will engage in split operations.
The entrance to Faster100 is relatively hidden. It is located to the right of the options for activities, pools, and holders, right next to the one-click buy/sell, highlighted in red in the image below.
Two Holder Data
GMGN has data on the project's holders, including holding ratios, SOL balances, sources of funds, etc. The most useful data is the multiples in the total profit. Because if the market maker bought the chips at the cheapest part, the data will show particularly high multiples.
The image below shows the market maker of ODOM, where it can be clearly seen that many addresses are between 3000% and 400%. Then, looking at the final active, total buy-in, and total sell-out data, the data is basically consistent. This indicates that these are all addresses controlled by the market maker.
Three Blank Address
A blank address refers to a situation where the total profit, total buy-in, and total sell-out are all 0. For example, in the red box shown in the image below. This is because the tokens of these addresses were not bought but transferred from other wallets. This is a method used by market makers to hide their chips, by transferring the bought tokens to other wallets.
When encountering a blank address, you need to click into it on GMGN to check the page of this address. Look for any other valuable coins held there and any transaction records. If there are a significant number, it indicates that it is a real person's address, not controlled by a market maker.
Next, you also need to click into the address that is the source of funds for this address. Similarly, check for any coin transactions or holdings of other valuable coins. If there are, it indicates that it is a real person's address.
In practice, I've found that GMGN occasionally has small data errors. For example, in the image above, the funding source for one address is missing. And address 3 is actually the address of the pool. So when I use it, I will also open the SOLSCAN browser. If I find any issues, I will double-check.
Alright, the above are three methods that do not require professional knowledge and can be reviewed in a few minutes. They can simply identify methods of market maker control over chips. Since most projects on the chain cannot afford market makers at the beginning, the manipulation techniques are not particularly professional. Therefore, these three situations are often very useful.
