Goal
Read coordinated supply from accumulation through distribution.
1. What a bundle is
A bundle can involve coordinated launch transactions or related wallets. Similar timing is a lead, not proof of common ownership. Shared exchange funding alone can also reflect unrelated customers; combine funding, transfers, timing, and repeated behavior.
2. Supply and entry
Check how much supply a suspected cluster controls, when it entered, and what it paid. Many holder addresses can still represent one operator. Estimated cost basis may be incomplete when transfers or earlier trades are missing.
3. What the wallets are doing
Distinguish holding, accumulation, launch sniping, support activity, and distribution. Look for synchronized or staggered sales, transfers to fresh wallets, replenishing buys, and selling into each rise.
4. After the bundle push
A coordinated push can move price rapidly. Ask whether independent buyers take over when that support stops. Look for unrelated entrants, persistent demand, and ownership spreading over time.
5. Exit capacity
Compare remaining inventory with pool depth and observed demand. A liquidity-to-position ratio is context, not a guarantee that the pool can absorb a sale at the displayed price.
Five numbers to investigate
- Bundle supply percentage: estimated supply controlled by the suspected cluster.
- Bundle cost basis: what the cluster appears to have paid.
- Bundle remaining percentage: how much inventory remains available to sell.
- Liquidity / bundle value: pool capital relative to that inventory.
- Organic ownership growth: whether independent buyers are replacing the original holders.
Two paths to compare
Accumulation → push → independent demand takes over.
Accumulation → push → retail enters → coordinated distribution.
Neither path guarantees an outcome. Follow balances, trades, liquidity, and demand over time.
Bundle checklist
- What evidence connects these wallets?
- How much supply do they still hold?
- What is known and unknown about their entry cost?
- Are they accumulating, supporting, transferring, or selling?
- Does activity persist without their buys?
- How large is their inventory relative to exit capacity?