# Top holdings

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[**Check Top holdings on a website**](https://www.coinsense.app/top-holdings-cex)
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Top holdings tracks **CEX-related smart money wallet (SMW) token holdings**, showing how much capital smart money allocates across different assets. The filters at the top allow narrowing results by **minimum and maximum market cap**, making it possible to focus either on large-cap or small-cap opportunities.

### **Key Columns:**

* **SMW Flow** – Net balance of positioning across smart-money wallets: SMW Flow = (# of Long SMWs) − (# of Short SMWs). Positive = more wallets are net long; negative = more are net short; zero = balanced. Use this to read directional conviction rather than size of position
* **Holdings** – Total USD value of the token currently held by SMWs.
* **Holdings vs Market Cap** – Ratio that compares the USD value of SMW holdings to the token’s total market cap, indicating how influential SMWs are relative to the token size.
* **Long SMW / Short SMW** – Number of SMWs with active long or short positions in the token.

<figure><img src="/files/iK0GSC0yFHwQ7QwmK8l1" alt=""><figcaption></figcaption></figure>

### Example how to read data from the image above:

* **ETH** dominates with $48M held, though this is only 0.01% of its market cap. It has the strongest SMW participation (55 long vs 24 short wallets).
* **LINK** ($7.8M, 0.05% cap) and **LTC** ($4.4M, 0.05% cap) represent significant mid-sized holdings with relatively balanced long/short distribution.
* **PUMP** ($4.2M) stands out with **0.43% of market cap held by SMWs**, showing heavy relative influence despite its smaller size.
* **HYPE** ($3M, 0.02% cap) and **ENA** ($2.9M, 0.07% cap) remain moderate allocations with near-balanced long/short exposure.
* **PENGU** ($2.4M, 0.13% cap) shows notable SMW ownership compared to its market cap, but with more shorts (15) than longs (6).
* **BTC** appears with $1.4M in holdings, a negligible 0.00% of its cap, but still actively traded (30 long vs 21 short wallets).
* Smaller-cap holdings include **LDO** ($936.5K, 0.08% cap) and **AAVE** ($927.3K, 0.02% cap), both with modest but targeted SMW allocations.

**Purpose:**

This dashboard highlights where **smart money is concentrated**, how their influence scales relative to token size, and the **balance of bullish vs bearish exposure**. It provides both a **macro view (ETH, LINK, LTC)** and a **high-leverage micro view (PUMP, PENGU, LDO)** for identifying asymmetric opportunities.


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