Bundle vs cluster: what's the difference between bundled and linked wallets?
Holder tools use "bundled", "clustered" and "linked" as if they meant the same thing. They do not. Getting the difference right changes how you read a coin.
A bundle is about timing
A bundle is a set of wallets whose buys landed in the same block, often in the same transaction, because one person submitted them together. It is a fact about when they bought. Whodl measures it as same-block supply: the share held by top wallets whose first buy shared a block or transaction with another top wallet's. More in what is a bundled wallet.
A cluster is about money flow
A cluster is a set of wallets connected by money: one funded the others, or tokens moved between them. It is a fact about who is behind them. Whodl reports this as linked supply: the share held by top wallets connected by funding, transfers or same-block buys. The bubble map draws these links as lines.
They overlap, but not fully
- A bundle with no funding links is still suspicious: the timing alone says one operator.
- A cluster with no bundle is common: someone funds five fresh wallets and buys over an hour to avoid looking like a bundle.
- A coin can have both, which is the strongest signal of one operator controlling a large share.
What is typical
Across the coins Whodl has checked:
| Measure | Median | 75th percentile | Coins |
|---|---|---|---|
| Same-block (bundled) supply | 0% | 1.5% | 134 |
| Linked supply | 0.1% | 6% | 134 |
Linked supply is usually the larger number, because it includes bundles plus every funding and transfer link. 9.7% of coins had 20% or more of supply in linked wallets.
How to read both on one coin
- Linked high, bundled low: an operator who spread buys out over time. Check where the funding came from; see how to trace where a wallet's SOL came from.
- Bundled high, linked about the same: a launch bundle with no further structure. Watch whether those wallets are still holding.
- Both high: one group controls a large share. The "if they sell" line for the biggest linked group tells you what that means for price.
- Both low: the top wallets look independent. That is a fact about the wallets, not a forecast.
Both numbers are on every coin page under coin reports, with the groups listed wallet by wallet.
How this guide was made: written by Jack Shard with AI assistance, based on the measurements Whodl makes. Last reviewed Oct 22, 2026. Details on the about page.