> For the complete documentation index, see [llms.txt](https://doc.ave.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.ave.ai/tutorial/pc-web-tutorial/token-holder-structures-and-spotting-market-makers.md).

# Token Holder Structures & Spotting Market Makers

Understanding a token’s **holder structure** is key to gauging both potential and risk. And knowing how **market makers ("whales") operate** is crucial.🧠 Common Whale Address Types:

1. **Main Whale Wallets**
   1. Role: Accumulate & HODL
   2. Traits: Enter during sideways consolidation, quietly build positions
2. **Market Maker Wallets**
   1. Role: Create volume, control price ranges
   2. Traits: High-frequency trades, often selling into tops or buying dips to absorb weak hands
3. **Short-Term “Wild Whales”**
   1. Role: Exploit hype runs, flip fast
   2. Traits: Usually found in trending narrative tokens, aggressive trading style

🔍 **How to Spot Them:**

* Focus on **Top 100 Holders**
  * Key wallets absorb during sideways moves
  * Sudden clustering signals possible manipulation
* Track **trade patterns**
  * Market makers often buy small at lows and sell big at highs
  * Look for shift from retail to whale hands before breakouts

📈 **In summary:** 

Mastering wallet analysis = better rhythm, better timing, better trades. Use **Ave.ai’s behavior analytics tools** to level up your game.