SGOV

§ 01

The read

What the panels below say, in words, and an opinion on it

Constructive

Spreading as supply shrinks

What the data says

Holders stand at 12,815, down 217 (−1.7%) over 7 days and up 2,068 (+19%) over 30.
On-chain supply is 19.4K shares, down 3.0% over 7 days and down 52% over 30 days (1.6K minted, 22.9K burned). The underlying closed at $100.59, flat over 30 days, which is the market's doing rather than the chain's. The supply is worth $1.95M on chain.
The ten largest wallets hold 85% of wallet-held value, about where it was 30 days ago; whales ($100K+) hold 61%.
267 wallets a day moved the token over the last week, down from 347 the week before.

What it means

Holders are rising while supply is burned off: large positions are being redeemed off chain while smaller ones arrive. The base widens even as the float shrinks, which is distribution in the good sense of the word.

The last week cuts against that: holders slipped over 7 days after rising over the longer window, so the trend is being tested rather than confirmed.

Concentration is steady but high: the ten largest wallets hold most of the value, so any one of them can move the price on its own.

A mechanical read of this page over the last 30 days, not advice. The rules are fixed: holders against on-chain supply, then concentration, activity and liquidity where they add something. Only the numbers move.

§ 02

Over time

Holders by day, and what the supply was worth

Holders over time

Accounts holding a balance at each day’s end · 120 days · upper bound

12,815Now-0.0%24h-1.7%7d

On-chain value over time

SGOV supply × the equity’s close · 120 days

$1.95MLatest0.0%24h-2.9%7d

Issuance by day

SGOV minted and burned · last 120 days

+19.4KNet+114.6Kminted−95.2Kburned

Active wallets

Wallets that sent or received SGOV that day · 120 days

150Today-68.1%7d

§ 03

Holders

Top 100 of 12,815 accounts with a balance, and how the supply is spread.

Wallets by value · 12,803 wallets, $1.26M · at the 2026-10-16 close of $100.59 · pools and contracts excludedSnapshot 1h 14m ago

Top 100 concentration95.04%Top 5 wallets: 72.16% · Top 10: 85.48%

Whale concentration60.83%Whales are 0.02% of wallets

Holder concentration

$1.26MWallet value

Top 1–5: 72.16%
Top 6–10: 13.33%
Top 11–25: 6.60%
Top 26–50: 1.82%
Top 51–100: 1.15%
Outside 100: 4.96%

Tier distribution

Tier	Wallets	% Wallets	% Value
Whale$100K+	3	0.02%	60.83%
Shark$10K–100K	8	0.06%	25.67%
Dolphin$1K–10K	25	0.20%	6.64%
Fish$100–1K	150	1.17%	2.85%
Crab$10–100	1,182	9.23%	2.76%
Shrimpunder $10	11,435	89.32%	1.25%

Wallet depth by threshold

≥ $101,368

≥ $50377

≥ $100186

≥ $25080

≥ $50048

≥ $1K36

≥ $10K11

≥ $100K3

≥ $1M0

1101001K10K

In DEX pools35.15%v4 PoolManager + 6 pool contracts

Top 10 wallets55.44%of supply

Everyone else9.41%12,798 wallets

010x2f4579…e54a073,708.883419.13%
020x94bab9…afff9d2,247.741311.59%
030x2b1291…725f131,694.19468.74%
040x9f736f…acf1ae836.44624.31%
050xd3afeb…16ac9e587.74283.03%
060xfac1d7…190f16464.42652.39%
070x29b7f8…a115bc390.76922.02%
080x2d58b7…a0bf72381.66491.97%
090x0815e6…cc226d297.94011.54%
100xc21319…ee6c95140.65040.73%

All 100 largest holders, contracts included

#	Account	Balance	Share	Transfers
001	0x2f4579…e54a07	3,708.8834	19.13%	124,425
002	0x8366a3…e40951Uniswap v4 pools	2,818.1423	14.53%	1,160,261
003	0xfab520…231bfe Uniswap v3 pool SGOV/USDG ↗	2,271.4256	11.71%	290,608
004	0x94bab9…afff9d	2,247.7413	11.59%	149
005	0x2b1291…725f13	1,694.1946	8.74%	3
006	0x6ba501…fa49b4 Uniswap v3 pool SGOV/USDG ↗	1,125.2480	5.80%	94,391
007	0x9f736f…acf1ae	836.4462	4.31%	6,785
008	0xd3afeb…16ac9e	587.7428	3.03%	46,108
009	0xfac1d7…190f16	464.4265	2.39%	866
010	0x29b7f8…a115bc	390.7692	2.02%	38
011	0x2d58b7…a0bf72	381.6649	1.97%	97
012	0x7f310e…ea43b1 Uniswap v3 pool SGOV/WETH ↗	336.1371	1.73%	15,391
013	0x0815e6…cc226d	297.9401	1.54%	7
014	0x894406…31b93c Giga v3 pool SGOV/frxUSD ↗	221.1511	1.14%	593
015	0xc21319…ee6c95	140.6504	0.73%	4
016	0xa7b474…a7d5cf	128.2894	0.66%	36
017	0xfe497d…dcfacd	98.9345	0.51%	1
018	0x06fc25…a32f51	85.7843	0.44%	74
019	0x6f0232…bc0f77	79.8731	0.41%	484,378
020	0x951f34…5cdb69	63.6068	0.33%	33
021	0x29f7b5…0b58d5	62.7623	0.32%	11
022	0x6ef1ae…bd1f75	59.2533	0.31%	4
023	0x8f21bd…7e84e0	51.1650	0.26%	7
024	0x08581d…65eea0	49.0772	0.25%	126
025	0x869582…13cac1 Ramses v3 pool SGOV/USDG ↗	36.0992	0.19%	32,738
026	0x20e86b…5d400b	27.7999	0.14%	14
027	0x8b216c…2010ef	27.6395	0.14%	2,500
028	0xa601f6…f06054	27.5736	0.14%	357
029	0x7b444d…3cedf2	26.4168	0.14%	521
030	0x13035a…f4a9a7	21.2299	0.11%	1
031	0x43bcfd…06524f	19.8755	0.10%	43
032	0x6208bf…66284a	15.9683	0.08%	127
033	0x0ca94b…be0868	14.9953	0.08%	1
034	0xf2665e…8df230	13.1894	0.07%	86
035	0xa6c6fc…f1d472	12.8446	0.07%	92
036	0x500fe6…64982a	12.5420	0.06%	9
037	0xba30ae…0b4c1c	11.7420	0.06%	6
038	0x68962e…044b2b	11.1514	0.06%	638
039	0x75580f…8d7b84	10.7763	0.06%	4
040	0x8bc8ae…063fc8	10.3808	0.05%	1,716
041	0x3af49c…736e26	10.3190	0.05%	13
042	0x743d7b…972a73	10.0400	0.05%	9
043	0x32ea2f…7a9164	9.0436	0.05%	36
044	0x4663ad…8e4663	8.3687	0.04%	117
045	0xca7b36…64f658 Up v3 pool SGOV/USDG ↗	8.1142	0.04%	15,416
046	0x7e8fb0…0776c5	8.1078	0.04%	57
047	0xd657bf…dfe3c5	7.8938	0.04%	2,868
048	0x609f2c…b4c735	7.6964	0.04%	118
049	0x000000…bc031c	7.5353	0.04%	115
050	0x4e3468…a9a544	7.3532	0.04%	107,530
051	0xa20ad1…3f5081	7.1391	0.04%	8
052	0x9926b1…bfdad1	5.7800	0.03%	6
053	0xc17723…4b8fdf	5.5237	0.03%	3
054	0xa8baf1…4266d9	5.4362	0.03%	30
055	0x8d5624…8089ae	5.0736	0.03%	11
056	0x9bf265…f0bea9	4.7118	0.02%	728
057	0x81dd6c…754f39	4.6779	0.02%	139
058	0x492c1d…bf0393	4.5094	0.02%	44
059	0x1105e9…de9d32	4.4682	0.02%	1
060	0x836601…d077d8	4.3046	0.02%	2
061	0x39790f…46cec2	4.0200	0.02%	9
062	0x9bddc4…441a35	3.8747	0.02%	36
063	0x0c2ff1…eaad60	3.8394	0.02%	67
064	0x0bc8a1…bb8840	3.8339	0.02%	19
065	0x0d0ac5…a176de	3.7072	0.02%	19
066	0xa9c078…ef1099	3.6586	0.02%	5
067	0x7a2363…78d2e6	3.4979	0.02%	24
068	0xca6bfb…d55cab	3.4045	0.02%	267
069	0x65ae0e…54c14a	3.3149	0.02%	125
070	0x5ad065…b89291	3.3010	0.02%	27
071	0xb1f20f…0d83a8	3.2728	0.02%	572
072	0x45bbe3…46bb9b	3.2570	0.02%	6
073	0xfbde1b…e2122d	3.2292	0.02%	52
074	0x1bd53f…4c8f71	3.0426	0.02%	21
075	0x197827…b2ef86	3.0146	0.02%	11
076	0x56b06f…64994c	2.9844	0.02%	60
077	0x77d75b…647b00	2.9020	0.01%	37
078	0xec1af0…f36ccb	2.8166	0.01%	4
079	0x2886a6…1b1700	2.8107	0.01%	2
080	0xf1d633…9eab04	2.7851	0.01%	86
081	0x302738…a5f4ff	2.7629	0.01%	61
082	0x3e8108…d5a1e3	2.7010	0.01%	11
083	0xa81d54…0e5298	2.6413	0.01%	5
084	0xf41028…f57fed	2.6072	0.01%	4
085	0x000000…1bd701	2.5846	0.01%	5,417
086	0xd1a2b4…f14f1e	2.5503	0.01%	43
087	0xd9c98c…c80ff8	2.5330	0.01%	5
088	0x53df8a…539880	2.4762	0.01%	55
089	0xe3be78…5860c1	2.4757	0.01%	736
090	0xd92bbd…70a5d6	2.4416	0.01%	5
091	0x1e9cec…0eb6f0	2.4029	0.01%	776
092	0x758c96…b03174	2.3707	0.01%	37
093	0xa61ea2…e85a20	2.3499	0.01%	5
094	0x968dea…e0e8c7	2.3467	0.01%	80
095	0x6eea88…c2ce27	2.3376	0.01%	2
096	0x7b80bf…da36ef	2.3251	0.01%	3
097	0x760e73…0fabf6	2.3185	0.01%	1
098	0xba760e…565aee	2.2822	0.01%	2
099	0x80f47d…7c6bdf	2.2797	0.01%	38
100	0x2c6530…89db78	2.2457	0.01%	8

§ 04

Uniswap v4 pairs

What sits on the other side. A pool is a trading pair, not collateral.

#		Address	Pool id									Hook
001	GOV	0x87a7c…d1e18	0xec81d5…983e7c ↗	4.93M GOV	$0.000021	$101.08	$20.5K	$20.8K	$0.01	—	0.100% dyn	0x4e34…a544	65,407,619

A paired token with the dot is indexed: it links to its own page with holders and holders over time. The rest are known by address and pool only.

Prices, liquidity, volume and change per DexScreener as of 2026-09-29 07:28 UTC, refreshed hourly. A pool DexScreener has not picked up shows its on-chain tick price and liquidity L instead; fees are always read from the chain.

The read

Over time

Holders over time

Uniswap v4 pairs

SGOV

The read

Spreading as supply shrinks

Over time

Holders over time

On-chain value over time

Issuance by day

Active wallets

Holders

Holder concentration

Tier distribution

Wallet depth by threshold

Uniswap v4 pairs

On-chain value over time

Issuance by day

Active wallets

Holders

Holder concentration

Tier distribution

Wallet depth by threshold

Concentration over time · Top 10 wallets

Concentration over time · Top 10 wallets

Spreading as supply shrinks