diff --git a/app/controllers/admin/metrics_controller.rb b/app/controllers/admin/metrics_controller.rb
index ee1107ed..a3ec3c3c 100644
--- a/app/controllers/admin/metrics_controller.rb
+++ b/app/controllers/admin/metrics_controller.rb
@@ -1,5 +1,6 @@
 class Admin::MetricsController < Admin::ApplicationController
   COIN_USD_VALUE = 1.0
+  TOP_COIN_HOLDERS_LIMIT = 100
 
   def index
     days = (params[:days].presence || 30).to_i.clamp(7, 180)
@@ -111,21 +112,17 @@ def index
     total_coins_all = tier_breakdown.sum { |t| t[:total_coins] }
     avg_coins_per_hour = total_hours_all.positive? ? (total_coins_all / total_hours_all).round(2) : 0
 
-    kept_user_ids = User.kept.select(:id)
-    balance_earned = Project.kept.approved
-      .where.not(id: ProjectPayout.select(:project_id))
-      .where(user_id: kept_user_ids)
-      .includes(:devlogs, :user)
-      .sum(&:coins_earned) +
-      ProjectPayout.joins(:project).merge(Project.kept).where(user_id: kept_user_ids).sum(:coins).to_f
-    balance_adjustments = CoinAdjustment.where(user_id: kept_user_ids).sum(:amount).to_f
-    balance_spent = Order.where(status: %i[pending approved fulfilled], user_id: kept_user_ids).sum(:coin_cost).to_f
+    earned_by_user, adjusted_by_user, spent_by_user = coin_totals_by_user
+    balance_earned = earned_by_user.values.sum
+    balance_adjustments = adjusted_by_user.values.sum
+    balance_spent = spent_by_user.values.sum
     coins_in_accounts = {
       earned: balance_earned.round(2),
       adjustments: balance_adjustments.round(2),
       spent: balance_spent.round(2),
       balance: (balance_earned + balance_adjustments - balance_spent).round(2)
     }
+    top_holders = top_coin_holders(earned_by_user, adjusted_by_user, spent_by_user)
 
     approved_referrals_count = Referral.approved.count
     referral_per_unit = Referral::PAYOUT_AMOUNT + Referral::PRIZE_POOL_CONTRIBUTION
@@ -235,6 +232,7 @@ def index
         grand_total: (total_coins_all + referral_economy[:total_coins] + reel_economy[:total_coins]).round(2),
         in_accounts: coins_in_accounts
       },
+      top_coin_holders: top_holders,
       referral_economy: referral_economy,
       reel_economy: reel_economy,
       location_distribution: location_distribution,
@@ -246,6 +244,52 @@ def index
 
   private
 
+  def coin_totals_by_user
+    kept_user_ids = User.kept.select(:id)
+
+    earned = Hash.new(0.0)
+    Project.kept.approved
+      .where.not(id: ProjectPayout.select(:project_id))
+      .where(user_id: kept_user_ids)
+      .includes(:devlogs, :user)
+      .each { |project| earned[project.user_id] += project.coins_earned }
+    ProjectPayout.joins(:project).merge(Project.kept)
+      .where(user_id: kept_user_ids)
+      .group(:user_id)
+      .sum(:coins)
+      .each { |user_id, coins| earned[user_id] += coins.to_f }
+
+    adjusted = CoinAdjustment.where(user_id: kept_user_ids).group(:user_id).sum(:amount).transform_values(&:to_f)
+    spent = Order.where(status: %i[pending approved fulfilled], user_id: kept_user_ids)
+      .group(:user_id).sum(:coin_cost).transform_values(&:to_f)
+
+    [ earned, adjusted, spent ]
+  end
+
+  def top_coin_holders(earned, adjusted, spent, limit: TOP_COIN_HOLDERS_LIMIT)
+    balances = (earned.keys + adjusted.keys + spent.keys).uniq.to_h do |user_id|
+      [ user_id, (earned[user_id].to_f + adjusted[user_id].to_f - spent[user_id].to_f).round(2) ]
+    end
+
+    ranked = balances.sort_by { |user_id, balance| [ -balance, user_id ] }.first(limit)
+    users = User.kept.where(id: ranked.map(&:first)).index_by(&:id)
+
+    ranked.filter_map do |user_id, balance|
+      user = users[user_id]
+      next unless user
+
+      {
+        id: user.id,
+        display_name: user.display_name,
+        avatar: user.avatar,
+        balance: balance,
+        earned: earned[user_id].to_f.round(2),
+        adjusted: adjusted[user_id].to_f.round(2),
+        spent: spent[user_id].to_f.round(2)
+      }
+    end
+  end
+
   # Review throughput for completed reviews in the given window:
   #   - avg_active_seconds:    heartbeat-measured hands-on review time per review
   #   - avg_wall_seconds:      open → decision wall-clock per review
diff --git a/app/javascript/pages/Admin/Metrics/Index.tsx b/app/javascript/pages/Admin/Metrics/Index.tsx
index 476e8c3e..f2cda667 100644
--- a/app/javascript/pages/Admin/Metrics/Index.tsx
+++ b/app/javascript/pages/Admin/Metrics/Index.tsx
@@ -1,4 +1,4 @@
-import { router } from '@inertiajs/react'
+import { Link, router } from '@inertiajs/react'
 import { Card, CardContent, CardHeader, CardTitle } from '@/components/admin/ui/card'
 import { Table, TableBody, TableCell, TableHead, TableHeader, TableRow } from '@/components/admin/ui/table'
 import { cn } from '@/components/admin/lib/cn'
@@ -83,6 +83,16 @@ interface CoinEconomy {
   }
 }
 
+interface TopCoinHolder {
+  id: number
+  display_name: string
+  avatar: string
+  balance: number
+  earned: number
+  adjusted: number
+  spent: number
+}
+
 interface ReferralEconomy {
   count: number
   per_unit: number
@@ -210,6 +220,7 @@ export default function AdminMetricsIndex({
   payouts,
   tier_breakdown,
   coin_economy,
+  top_coin_holders,
   referral_economy,
   reel_economy,
   location_distribution,
@@ -227,6 +238,7 @@ export default function AdminMetricsIndex({
   payouts: Payouts
   tier_breakdown: TierRow[]
   coin_economy: CoinEconomy
+  top_coin_holders: TopCoinHolder[]
   referral_economy: ReferralEconomy
   reel_economy: ReelEconomy
   location_distribution: LocationDistribution
@@ -605,6 +617,56 @@ export default function AdminMetricsIndex({
         </CardContent>
       </Card>
 
+      <Card>
+        <CardHeader>
+          <CardTitle>Top coin holders</CardTitle>
+        </CardHeader>
+        <CardContent>
+          <p className="text-xs text-muted-foreground mb-3">
+            The {top_coin_holders.length} highest current balances (earned + adjustments − spent, pending orders
+            included).
+          </p>
+          {top_coin_holders.length === 0 ? (
+            <p className="text-xs text-muted-foreground">No balances yet.</p>
+          ) : (
+            <Table>
+              <TableHeader>
+                <TableRow>
+                  <TableHead className="w-12">#</TableHead>
+                  <TableHead>Builder</TableHead>
+                  <TableHead className="text-right">Balance</TableHead>
+                  <TableHead className="text-right">Earned</TableHead>
+                  <TableHead className="text-right">Adjustments</TableHead>
+                  <TableHead className="text-right">Spent</TableHead>
+                </TableRow>
+              </TableHeader>
+              <TableBody>
+                {top_coin_holders.map((holder, i) => (
+                  <TableRow key={holder.id}>
+                    <TableCell className="text-muted-foreground font-mono tabular-nums">{i + 1}</TableCell>
+                    <TableCell>
+                      <Link
+                        href={`/admin/users/${holder.id}`}
+                        className="flex items-center gap-2 hover:underline min-w-0"
+                      >
+                        <img src={holder.avatar} alt="" className="size-6 rounded-full shrink-0" />
+                        <span className="truncate">{holder.display_name}</span>
+                      </Link>
+                    </TableCell>
+                    <TableCell className="text-right font-semibold tabular-nums">
+                      {holder.balance.toLocaleString()}
+                    </TableCell>
+                    <TableCell className="text-right tabular-nums">{holder.earned.toLocaleString()}</TableCell>
+                    <TableCell className="text-right tabular-nums">{holder.adjusted.toLocaleString()}</TableCell>
+                    <TableCell className="text-right tabular-nums">{holder.spent.toLocaleString()}</TableCell>
+                  </TableRow>
+                ))}
+              </TableBody>
+            </Table>
+          )}
+        </CardContent>
+      </Card>
+
       <Card>
         <CardHeader>
           <CardTitle>Coin rate by tier</CardTitle>