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

XRP Ledger Foundation Unveils Quantum-Resistant Protocol Roadmap

The XRP Ledger Foundation has unveiled a roadmap focusing on quantum-resistant account options, including the study of MLDSA44.

user avatarLucas Weissmann

EU Seeks Nominations for New Tokenisation Standards Group

European authorities are inviting nominations for a new Tokenisation Standards Group to enhance coordination in the financial system.

user avatarFilippo Romano

Walt Introduces Standalone Android App for Cryptocurrency Trading

Walt has launched a standalone Android app for cryptocurrency trading, allowing users to sign up without a Telegram account.

user avatarEmily Carter

Charles Schwab Expands Crypto Trading Menu with New Altcoins

Charles Schwab has expanded its crypto trading menu to include Solana, Avalanche, and Chainlink, allowing eligible clients to trade a wider range of cryptocurrencies.

user avatarTomas Novak

24X and Standard Chartered Enhance Partnership for Institutional Crypto Trading

24X Bermuda expands its partnership with Standard Chartered to facilitate institutional trading of Bitcoin and Ether, enhancing access to cryptocurrency and foreign exchange.

user avatarKaterina Papadopoulou

Strategy's Dual Approach: Bitcoin Acquisition and Preferred Share Repurchase

On November 9, Strategy announced the acquisition of 1,036 additional Bitcoin alongside the repurchase of approximately 188 million STRC preferred shares.

user avatarMaya Lundqvist

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.