BullX NEO Metrics Explained: Holders, Volume, and Wallets

Being able to quickly analyze holders, volume and other wallet indicators is imperative to stay ahead of the game when trenching. The BullX NEO trading bot offers powerful tools to help assist with this. Here’s how you can leverage these features effectively to maximize profits and avoid costly mistakes.

Ensure you have early access to BullX NEO before continuing forward. Once you have early access, trading on BullX NEO is a breeze. We will now guide you through all the NEO metrics such as volume, holders, and wallet metrics.

Holder Distribution

Understanding holder distribution is crucial when analyzing the potential of a token. BullX NEO simplifies this process by providing in-depth data on top holders and their trading behavior.

How to Analyze Holder Distribution:

• Check Top Holders via the Holder Tab: Navigate to the holder tab on Bullx Neo to see the largest token holders. Identify wallets with significant holdings via their % held. If 1 or a few wallets hold more than 5% it’s usually best to steer clear of this coins as they can quickly sell off the chart.
• Evaluate Profitability (PnL) of Top Wallets: BullX NEO allows you to analyze the PnL (profit and loss) of these wallets. This helps you determine whether they’re quick flippers who sell at the first pump or top traders who hold for long-term gains.
• Monitor Top Holder Percentages: NEO displays the percentage of supply held by the top 10 wallets. As mentioned prior, if a few wallets control a large portion of the token, it could lead to high volatility as these holders can influence the price drastically.
• Identify Bundled Wallets: Use BullX NEO to check if multiple wallets hold a similar percentage of the supply. These are likely “bundled” wallets, which could signal developer or insider control over the token. Be cautious, as this could increase the risk of coordinated dumps.
• Check holder count: Usually, the more holders the better. This means supply is dispersed across a larger number of wallets, reducing the chances of sudden high sell pressure. It also shows growth which is the most essential thing for a coin to do well

Volume Trends: Gauging Market Sentiment

Volume trends give you insights into how much activity a token is generating and whether that activity is primarily driven by buying or selling pressure.

How to Use BullX NEO to Analyze Volume:

• Check the Volume Tab: Navigate to the Volume Tab in the top-right corner of BullX NEO when looking at a coin. Here, you can easily see the 5m, 1h, 6h and 24h volume of that coin. Usually coins with very high 5m volume (in the millions) will indicate the main runner for that day. Pair this information with the wallet tracker tool to see if top wallets are buying in. 
• Focus on High Buy Volume: Coins with high buy volume can indicate strong demand, making them ideal for quick scalps—especially if they align with current narratives or metas.
• Be Cautious of High Sell Volume: Tokens with unusually high sell volume may signal a pending dump, waning interest or bundles selling off. Use this data to protect your positions or avoid entering risky trades.

Key Indicators: Spotting Insiders and Snipers

BullX NEO also highlights critical indicators that reveal insider behavior and wallet sophistication.

Key Indicators to Watch For:

• Snipers: Sniper wallets are those that buy almost instantly after a coin is created. These wallets are often operated by experienced traders or bots aiming to secure early positions. These wallets will often sell on you so be wary of coins with a lot of “sniper” wallets. The sniper icon is the yellow crosshair as seen below

Insiders: Insider wallets are flagged on Bullx Neo when a wallet hasn’t bought the token but holds a percentage of the supply. This could indicate allocations to developers, insiders, or friends. Often devs will sell on their dev wallet but hold majority supply via these wallets, so it’s key to identify these early. Thanks to Bullx Neo this is super easy to do via the icons. These icons are the red ones as seen below

Why These Metrics Matter

By combining insights from holder distribution, volume trends, and key wallet behaviors, BullX NEO equips traders with the tools to:

1. Identify early signs of token momentum.
2. Avoid tokens controlled by a few insiders or prone to dumps.
3. Recognize when a token is gaining traction in the market.

Start using BullX NEO's advanced features today and gain an edge when trading memecoins! Get an early access code to BullX NEO to dominate the playing field. No more taking poor trades because having a lack of information. BullX NEO is the best telegram trading bot in the space.