Bundle Scanner
Groups a token's holders into clusters linked by funding and trading signals, with confidence levels and clear limitations.
Bundle Scanner looks at a token's holders and early buyers and groups wallets that share signals. It answers "which holders look related?", not "who owns them?".
Inputs#
A token contract address on Robinhood Chain. Nothing else. Open it in Privacy Tools, from the command palette, or with /app?zk=scan/{token}.
Clustering signals#
| Signal | Strength | What it means |
|---|---|---|
| Shared first funder | Strong | Both wallets received their first native funds from the same address |
| Tokens moved between them | Strong | One holder transferred the token to another |
| Funded by deployer | Strong | A holder's first funder is the token deployer |
| Bought in same early blocks | Weak | Both bought within a few blocks of each other right after liquidity was added |
| Near-identical buy size | Weak | Early buys within 2% of each other, close in time |
Weak signals only link wallets when they appear together.
Infrastructure exclusions#
Before clustering, the scanner removes addresses that are not people: the token contract, burn addresses, liquidity pools, routers, bridges and tagged exchanges, plus any other contract. They are listed under Excluded with the reason. Without this, one pool that touches every buyer would link everyone.
Confidence levels#
| Level | Rule |
|---|---|
| High | Two or more strong signals, or one strong signal plus another signal |
| Medium | Exactly one strong signal |
| Low | Weak signals only |
Adjusted holder count#
The report shows the raw holder count and an adjusted count where each cluster counts as one. The gap between them is a signal about distribution, nothing more.
Worked example#
A scan of a sample token returns 40 holders. Wallet A, Wallet B and Wallet C were all first funded by Funder X. Wallet B later sent tokens to Wallet D. The scanner forms one cluster of A, B, C and D with the signals "Shared first funder" and "Tokens moved between them", so confidence is High. Together they hold 6% of supply, and the adjusted holder count drops from 40 to 37.
Limitations#
- Exchange wallets: users withdrawing from the same exchange share a funder. Tagged exchanges are excluded, untagged ones are not.
- Shared airdrops or faucets: one distributor funding many unrelated people looks like a shared funder.
- One person with many wallets: someone who funds each wallet from a different source will not be linked.
- Incomplete history: if the explorer is unavailable, the scanner falls back to chain logs and analyses early recipients only. The report says so in Notes.
- Only the first 80 non-infrastructure wallets are analysed in one scan.
Every output is labelled: "Heuristic signals from public data. Linked does not prove common ownership."
Last updated 2026-09-28