Independent crypto research on token supply, liquidity and ownership. Understand how markets work—and where risks build.
MarsCoin has something most meme tokens lack: a documented mechanism that rewards eligible holders with tokenized SpaceX exposure. Binance has added another layer of incentives. But at a valuation approaching $100 million, are investors buying sustainable economics—or an increasingly sophisticated narrative?
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A reward vault, a launchpad, a deliberate joke and a borrowed name. Four meme-token stories need four different evidence checks.
Separate balances, beneficial ownership, transfer control and voting power. Real custody and UNI delegation examples show why a holder chart needs an evidence ledger.
A recorded BTC–USD order book shows how sale size changes the average price. Reproduce the calculation, inspect its limits, and learn what a liquidity claim needs to disclose.
Read the supply behind a valuation: a worked market-cap calculation, UNI’s historical launch allocation, and a worksheet for checking the next token you research.
A framework for studying attention, liquidity, distribution and risk without pretending that past winners create a formula for finding the next one.
Evidence first. Uncertainty included. Read our approach to sourcing, disclosures and corrections.
Our editorial standardsOne considered email on token supply, liquidity and ownership risk. Research worth spending time with.
Opportunity discovery, scoring, sentiment, risk and continuous tracking — built on top of the research discipline you see here.