How to analyze a token
Step-by-step guide
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Step-by-step guide
Analyzing a token with Atlas is about understanding how wallets are connected, how funds move, and what patterns are forming.
You don’t need to look at every transaction, focus on the big picture.
Start by identifying the largest bubbles on the map.
Bigger bubbles hold more of the token
A few large wallets can mean high concentration
Ask yourself: Who controls most of the supply?
Look at the lines between the largest wallets.
Connected wallets have moved funds between each other
Strong connections can indicate related wallets
Ask yourself: Are these wallets independent, or linked together?
Look for groups of wallets that are closely connected.
Clusters = wallets that interact frequently
Large clusters can indicate groups working together
Ask yourself: Is the supply spread out, or concentrated in clusters?
Use behavioral tags to understand how wallets act.
Look for:
Newly created wallets
Wallets funded around the same time
Repeated patterns across multiple wallets
Ask yourself: Do these wallets behave in a similar way?
Enable proxy nodes to uncover indirect connections.
Reveals shared funding or intermediary wallets
Helps identify relationships that aren’t obvious
Ask yourself: Are these wallets connected behind the scenes?
Use historical mode to understand how things evolved.
See how wallets accumulated tokens
Identify early activity
Track how clusters formed
Ask yourself: What happened before this point?
These patterns can be important signals:
Many wallets connected together
Wallets funded at the same time
Large clusters controlling supply
Sudden changes in distribution
These don’t always mean something is wrong, but they’re worth investigating.
Before making a decision, ask:
Who holds most of the tokens?
Are those wallets connected?
Are there clusters or coordinated patterns?
Does the history tell a different story?
Learn more about Proxy Nodes to uncover hidden relationships Use Behavioral Tags to understand wallet behavior Explore Historical Mode for deeper analysis
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