Murad Mahmudov: Nine Metrics to Evaluate Meme Coin Decentralization

user avatar

by Giorgi Kostiuk

2 years ago

Meme coin analyst Murad Mahmudov has released a statistics table featuring nine metrics designed to measure the level of decentralization in meme coins.

Murad Mahmudov and His Metrics Table

On November 29, Murad unveiled what he calls 'the most important meme coin statistics table I have ever compiled.' This table showcases nine metrics aimed at evaluating the decentralization of the leading meme coins in the market.

Measuring decentralization of top meme coins from nine different angles. The blockchain doesn’t lie.Murad Mahmudov

What Murad's Metrics Entail

Murad's table features the following metrics: median holder rank, Herfindahl-Hirschman index, HolderScan distribution score, percentage of tokens held by the top 100, 25, and 10 holders, the portion of wallets with more than $1,000 worth of tokens, and the percentage of new wallets created within the first week of a token’s launch.

Applying Metrics to Meme Coins

Murad's metrics assist in assessing whether a meme coin is sufficiently decentralized to consider investing. For instance, SPX6900 holds the top spot in decentralization with a median holder rank of 181, HHI of 29, and a 16.8% top holder concentration. In contrast, MOODENG has a top holder concentration of 33.5%, indicating more centralization.

Murad Mahmudov advocates for paying attention to meme coin decentralization using his nine metrics to evaluate investment risks.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Microsoft Stock Surpasses 500 Mark Amid Analyst Buy Ratings

Microsoft's stock has climbed above the 500 level, opening at 509 during Tuesday's trading session. Analysts have given MSFT a buy rating, with predictions suggesting it could reach above 600.

user avatarJesper Sørensen

Oracle Integrates with Swift's Blockchain for Enhanced Banking Payments

Oracle announced a significant integration with Swift's blockchain ledger to facilitate tokenized deposit payments for banks.

user avatarRajesh Kumar

TRON DAO Rings Closing Bell at Cboe for TRXS Listing

TRON DAO rings the closing bell at Cboe Global Markets to celebrate the listing of TRXS, an exchange-traded product linked to TRX.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.