Quacklington Learn
Holder growth can be a useful sign of broadening participation, but raw holder count alone is not enough. A healthy-looking number can still be misleading if the jump is suspicious or the distribution quality worsens at the same time.
Healthy growth usually appears gradually alongside plausible buy activity, improving spread, and stable concentration. It should look like participation widening, not just numbers jumping.
Quacklington treats holder trend as one signal among several. Good holder growth can support Structure, but weak or suspicious patterns should not overpower contract risk or concentration risk.