How to Check Token Holders on PolygonScan (2026)
After creating RizeCoin, one of the first things I wanted to know was who actually held the token. Not just the number — the wallets themselves. I checked on both DexScreener and PolygonScan.
What I found after a small airdrop was instructive. Some wallets held RizeCoin alongside dozens of other random tokens — the kind of wallets that collect anything free without any apparent intention to use it. The holder count went up, but the quality of those holders was a different question entirely.
The holder list is public data. Knowing how to read it helps you understand any token — including ones you’re considering buying into.
How to Find the Holder List on PolygonScan
Go to polygonscan.com and paste the token’s contract address into the search bar. This brings you to the token’s page.
Step 2 — Click the “Holders” tab
On the token page, you’ll see several tabs: Transactions, Token Transfers, Holders, Contract, and others. Click “Holders.”
Step 3 — Read the list
The holders list shows every wallet that currently holds the token, ranked by the percentage of total supply they hold. The top holder is at the top.
How to Find Holders on DexScreener
DexScreener also shows holder information. Go to dexscreener.com, search the token’s contract address, and look for the “Holders” section on the token’s page. It shows the top holders and their percentage of supply.
The “Txns” section on DexScreener shows recent transactions — useful for seeing how active the token is and whether trading is happening at all.
What to Look for in the Holder List
If one wallet holds 50%+ of the supply, that’s a significant risk. If that wallet sells, the price collapses. A healthy distribution shows many wallets holding smaller percentages.
Known contract addresses:
Top holders labeled “Uniswap V3 Pool” or “Lock Contract” are normal and expected. These represent the liquidity pool and locked tokens — not individual investors.
The deployer wallet:
Find the wallet that created the token. Is it still holding a large portion? Is it actively selling? A team that deployed a token and immediately holds most of the supply is a risk worth noting.
Wallet activity:
Click on individual holder wallets. What else do they hold? When did they receive the token? Did they receive it through an airdrop or buy it?
What Airdrop Holders Actually Look Like
After airdropping RizeCoin to a small number of wallets, I went back and looked at those holder wallets individually. What I found was consistent: many of them held a large number of other tokens — the kind of miscellaneous collection that forms when someone accepts every free token they encounter without any particular intention to use them.
This is a common pattern in small token ecosystems. Airdrop recipients often hold the token passively, waiting to see if the price increases, with no active engagement with the project. The holder count rises, but the underlying community engagement doesn’t necessarily follow.
A high holder count means nothing on its own. What matters is whether those holders are engaged or passive. A wallet that holds 500 different tokens and received yours through an airdrop is very different from a wallet that actively sought out your token and bought it on a DEX.
For RizeCoin, the honest picture was: a small number of genuine holders mixed with airdrop recipients. That’s the reality of an early-stage token with limited marketing. The holder list doesn’t lie — it shows exactly what the community actually looks like, not what you wish it looked like.
Red Flags in a Holder List
The deployer wallet is actively moving tokens — could indicate preparation for a sell-off.
All holders received tokens on the same day — possible pre-mine where insiders received tokens before public trading.
No wallets have bought since launch — zero organic demand. Only airdrop recipients hold the token.
How to Use This When Evaluating a Token
The holder list is one piece of the puzzle when checking if a token is safe. Use it alongside the liquidity data on DexScreener and the contract verification on PolygonScan.
No single metric tells the whole story. But a holder list where one wallet controls most of the supply, combined with unverified contract code and low liquidity, paints a clear picture. The data is public. Reading it takes five minutes.
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