> ## Documentation Index
> Fetch the complete documentation index at: https://docs.trady.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Reading a Token Page

> What the numbers actually mean: top holders, bundles, snipers, dev history, fees vs volume — and the 30-second vet routine.

99% of on-chain traders lose money, and most of it is lost to coins that were checkable in thirty seconds. Every number below is on the Trady [Token Page](/discovery/token-page) — this guide is what the numbers *mean*.

Rule zero: **think like a rug puller.** Every launch is designed by someone; your job is to figure out whether it was designed to trade or designed to drain.

## The variables and their thresholds

These are field heuristics, not laws — calibrate with experience. But when several fire at once, walk.

### Top holders

* **Any single holder above \~3.5% of supply (excluding the LP)** is a red flag. The pool address often shows up as the top "holder" — it isn't a trader; Trady labels it.
* Ten wallets each holding 2–3% that appeared in the same minute is worse than one whale — that's a bundle wearing a disguise.

### Volume vs market cap

* **Volume under \~80% of market cap on a young token** — suspect. Fresh coins with real attention churn their mcap in volume many times over.
* Huge volume with barely-moving holders count = wash trading.

### Fees vs volume

* Real volume produces proportional fees (\~1% of volume near bonding). A chart showing \$2M "volume" that generated pocket-change fees is painted. Rule of thumb from the trenches: at \~15k mcap you want to see >0.5 SOL in fees.

### Bundles

* **More than \~15% of supply in connected wallets** — the Bubblemaps tab makes clusters visible: same creation window, funded from one CEX account, transfers between each other.
* Bundle ≠ automatic scam — teams, MMs, and committed insiders bundle too. Bundle + fresh wallets + fake socials = scam. Bundle + doxxed team + organic community = judgment call.

### Fresh wallets & snipers

* A holder list stacked with zero-history wallets on a brand-new token — avoid.
* **Snipers %** shows first-block buyers. Heavy sniper supply that hasn't sold yet is an overhang waiting for your entry.

### Dev history

* **Dev Tokens tab** shows every previous launch by this deployer. Five dead tokens in a month tells you exactly how this one ends. First-time dev is *unknown* risk; serial rugger is *known* risk.

### Chart patterns

* Staircase candles (identical buys at intervals), only-huge-candles, up-only on low volume with few holders — bot-painted or honeypot-bait. Real charts breathe in both directions.

### Contract basics

* **Mint authority and freeze authority disabled, LP locked or burned** — table stakes, and the Security Audit strip checks them automatically. Major launchpads handle this by default; anything external gets checked.

### The social layer

* Engagement from zero-history accounts, AI-generated shill replies, "girl explains why this is the next DOGE" content — that's marketing *targeted at people who don't check*. You check.

## The 30-second routine

1. Security Audit strip — green basics?
2. Holders — top wallet ex-LP under 3.5%? fresh-wallet wall?
3. Bubblemaps — connected supply under 15%?
4. Dev Tokens — history?
5. Trades tape — organic two-way flow?
6. VOL/MC and fees — does the volume look paid-for?

Fail two or more → next coin. **Opportunities are abundant** — the next runner is already launching. Missing a 10x costs you nothing; catching a rug costs you the deposit that would've caught the next 10x.