> For the complete documentation index, see [llms.txt](https://docs.tachyo.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tachyo.ai/concepts/clusters.md).

# Clusters, insiders and fresh wallets

A holder count is the easiest number in crypto to fake. Tachyo spends a lot of its machinery on the question underneath it: **how many of these wallets are actually the same person?**

## Linked clusters

Wallets get grouped into a cluster when their behaviour says they are connected:

* **shared funding**: the same wallet financed them;
* **transfers**: value moved directly between them;
* **same-block buys**: they bought in coordination, at the same moment.

On the token page, a holder in a cluster is marked as such, and a dedicated section breaks the clusters out: how many rings, how many wallets in each, and **what share of supply they control between them**.

<figure><img src="/files/RQSxzzkbvLQ3NIdXpgqM" alt=""><figcaption></figcaption></figure>

That share is the number to read. Twenty holders that are really three people is a different token than twenty independent holders, and it changes how a chart behaves when one of them decides to leave.

{% hint style="info" %}
**A shared source is not always a conspiracy.** When the common funding source is a labelled exchange or service wallet, the link is likely coincidental: thousands of unrelated people withdraw from the same exchange. The product says so on the row rather than counting it as a ring.
{% endhint %}

## Insider rings and deployers

Some clusters are more specific: wallets grouped around a deployer, or a ring that was in before there was anything to be in.

Tachyo will tell you when a token's structure looks like that: a serial deployer, a ring holding a meaningful share of supply. **This is a pattern match, not an accusation.** Plenty of legitimate teams deploy repeatedly, and the product is careful to describe the shape rather than assign intent.

What you do with it is the point: a ring holding 22% of supply is a risk you can size around, whoever they turn out to be.

## Fresh wallets

A **fresh** wallet is new: little or no history before this token. Fresh supply share is reported separately because it cuts both ways:

* a wave of fresh wallets is how a launch is farmed, and
* fresh wallets are also what a genuine new audience looks like.

Fresh wallets are almost always [unrated](/concepts/wallet-tiers.md), because there is nothing to rate yet. High fresh share with no S or A presence is the shape to be careful around.

## Snipers

Wallets that bought within moments of the token becoming tradeable. Being sniped is not automatically fatal, but sniper supply is fast supply, and it usually leaves the same way it arrived.

## Labels you will see on holders

| Label                    | What it tells you                                                                                                                           |
| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **CEX**                  | A labelled centralized-exchange wallet. Not a trader, but an aggregate of many people's balances. Never read it as one holder's conviction. |
| **In cluster**           | Linked to other holders of this token by funding, transfers or same-block buys.                                                             |
| **Fresh**                | Little or no history before this token.                                                                                                     |
| **Flagged**              | Marked suspicious by holder screening.                                                                                                      |
| **Top-100**              | This wallet sits in the top 100 of its chain's 7-day PnL leaderboard.                                                                       |
| **Received, not bought** | The position arrived as a transfer or allocation, so there is no purchase to compute a return from.                                         |

## Safety checks

Alongside the wallet picture, tokens carry contract-level checks: mint authority, liquidity, honeypot behaviour, taxes and the rest of the standard rug surface. A clean forensic read is stated plainly as clean, no red flags.

A clean contract with a terrible holder structure is still a bad trade. The two readings are independent, and Tachyo shows both rather than blending them into one comforting number.


---

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