> For the complete documentation index, see [llms.txt](https://wiki.elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.elephant.money/price-stability-formula/token-holder-distribution.md).

# Token Holder Distribution

Elephant Money has tight supply controls limiting the effectiveness of whale holders selling and negatively impacting price. 

### Holder Distribution Breakdown

4 protocol owned smart contracts control 80% of the supply, with the largest non-contract holder owning less 1% of the total supply.

<figure><img src="https://3816700771-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FcUY7fvbkMLxJxjiAEIyT%2Fuploads%2FRMFho4rqeDhr0ktWwCjF%2FPCS%20Taxes%20Flow%20Chart%20(5).png?alt=media&amp;token=49abdc59-8ac2-462b-861e-fcfb1c66026a" alt=""><figcaption></figcaption></figure>