Spotted an interesting contrast in the Solana meme token space lately. Comparing two projects side by side reveals quite different holder dynamics.

White Whale shows top 10 holders controlling 20.69% of supply, while bundler concentration sits at 10.66%. Meanwhile, WYNN tells a different story entirely—top 10 holders here account for 79.05%, and bundler activity hits 82.62%. That's a massive gap.

The concentration risk on WYNN is pretty wild, honestly. When this much supply is locked in so few hands, you're essentially watching a handful of wallets dictate the narrative. White Whale's distribution looks way healthier by comparison.

I'm sticking with the white whale thesis here. The pump on WYNN caught some attention recently, but when you dig into the numbers, those concentration metrics are honestly not appealing. Rather hold something with more distributed ownership than ride that kind of baggage.