diff --git a/apps/block_scout_web/lib/block_scout_web/chain.ex b/apps/block_scout_web/lib/block_scout_web/chain.ex
index bb3511a1b3..08e4e5c321 100644
--- a/apps/block_scout_web/lib/block_scout_web/chain.ex
+++ b/apps/block_scout_web/lib/block_scout_web/chain.ex
@@ -16,7 +16,7 @@ defmodule BlockScoutWeb.Chain do
 
   alias Explorer.Chain.{
     Address,
-    Address.TokenBalance,
+    Address.CurrentTokenBalance,
     Block,
     InternalTransaction,
     Log,
@@ -198,7 +198,7 @@ defmodule BlockScoutWeb.Chain do
     %{"token_name" => name, "token_type" => type, "token_inserted_at" => inserted_at_datetime}
   end
 
-  defp paging_params(%TokenBalance{address_hash: address_hash, value: value}) do
+  defp paging_params(%CurrentTokenBalance{address_hash: address_hash, value: value}) do
     %{"address_hash" => to_string(address_hash), "value" => Decimal.to_integer(value)}
   end
 
diff --git a/apps/block_scout_web/test/block_scout_web/controllers/tokens/holder_controller_test.exs b/apps/block_scout_web/test/block_scout_web/controllers/tokens/holder_controller_test.exs
index 6ce8d7915b..66c8ce9de4 100644
--- a/apps/block_scout_web/test/block_scout_web/controllers/tokens/holder_controller_test.exs
+++ b/apps/block_scout_web/test/block_scout_web/controllers/tokens/holder_controller_test.exs
@@ -22,7 +22,7 @@ defmodule BlockScoutWeb.Tokens.HolderControllerTest do
 
       insert_list(
         2,
-        :token_balance,
+        :address_current_token_balance,
         token_contract_address_hash: token.contract_address_hash
       )
 
@@ -43,7 +43,7 @@ defmodule BlockScoutWeb.Tokens.HolderControllerTest do
         1..50
         |> Enum.map(
           &insert(
-            :token_balance,
+            :address_current_token_balance,
             token_contract_address_hash: token.contract_address_hash,
             value: &1 + 1000
           )
@@ -52,7 +52,7 @@ defmodule BlockScoutWeb.Tokens.HolderControllerTest do
 
       token_balance =
         insert(
-          :token_balance,
+          :address_current_token_balance,
           token_contract_address_hash: token.contract_address_hash,
           value: 50000
         )
@@ -78,7 +78,7 @@ defmodule BlockScoutWeb.Tokens.HolderControllerTest do
       Enum.each(
         1..51,
         &insert(
-          :token_balance,
+          :address_current_token_balance,
           token_contract_address_hash: token.contract_address_hash,
           value: &1 + 1000
         )
diff --git a/apps/block_scout_web/test/block_scout_web/features/viewing_tokens_test.exs b/apps/block_scout_web/test/block_scout_web/features/viewing_tokens_test.exs
index 8a5d769e62..06f1255964 100644
--- a/apps/block_scout_web/test/block_scout_web/features/viewing_tokens_test.exs
+++ b/apps/block_scout_web/test/block_scout_web/features/viewing_tokens_test.exs
@@ -9,7 +9,7 @@ defmodule BlockScoutWeb.ViewingTokensTest do
 
       insert_list(
         2,
-        :token_balance,
+        :address_current_token_balance,
         token_contract_address_hash: token.contract_address_hash
       )
 
diff --git a/apps/explorer/lib/explorer/chain.ex b/apps/explorer/lib/explorer/chain.ex
index 2140e36b14..51eac0ed1a 100644
--- a/apps/explorer/lib/explorer/chain.ex
+++ b/apps/explorer/lib/explorer/chain.ex
@@ -23,6 +23,7 @@ defmodule Explorer.Chain do
   alias Explorer.Chain.{
     Address,
     Address.CoinBalance,
+    Address.CurrentTokenBalance,
     Address.TokenBalance,
     Block,
     Data,
@@ -2070,7 +2071,7 @@ defmodule Explorer.Chain do
   @spec fetch_token_holders_from_token_hash(Hash.Address.t(), [paging_options]) :: [TokenBalance.t()]
   def fetch_token_holders_from_token_hash(contract_address_hash, options) do
     contract_address_hash
-    |> TokenBalance.token_holders_ordered_by_value(options)
+    |> CurrentTokenBalance.token_holders_ordered_by_value(options)
     |> Repo.all()
   end
 
diff --git a/apps/explorer/lib/explorer/chain/address/current_token_balance.ex b/apps/explorer/lib/explorer/chain/address/current_token_balance.ex
index 448ae7da34..21f20e1f8c 100644
--- a/apps/explorer/lib/explorer/chain/address/current_token_balance.ex
+++ b/apps/explorer/lib/explorer/chain/address/current_token_balance.ex
@@ -5,9 +5,13 @@ defmodule Explorer.Chain.Address.CurrentTokenBalance do
 
   use Ecto.Schema
   import Ecto.Changeset
+  import Ecto.Query, only: [from: 2, limit: 2, order_by: 3, preload: 2, where: 3]
 
+  alias Explorer.{Chain, PagingOptions}
   alias Explorer.Chain.{Address, Block, Hash, Token}
 
+  @default_paging_options %PagingOptions{page_size: 50}
+
   @typedoc """
    *  `address` - The `t:Explorer.Chain.Address.t/0` that is the balance's owner.
    *  `address_hash` - The address hash foreign key.
@@ -57,4 +61,48 @@ defmodule Explorer.Chain.Address.CurrentTokenBalance do
     |> foreign_key_constraint(:address_hash)
     |> foreign_key_constraint(:token_contract_address_hash)
   end
+
+  {:ok, burn_address_hash} = Chain.string_to_address_hash("0x0000000000000000000000000000000000000000")
+  @burn_address_hash burn_address_hash
+
+  @doc """
+  Builds an `Ecto.Query` to fetch the token holders from the given token contract address hash.
+
+  The Token Holders are the addresses that own a positive amount of the Token. So this query is
+  considering the following conditions:
+
+  * The token balance from the last block.
+  * Balances greater than 0.
+  * Excluding the burn address (0x0000000000000000000000000000000000000000).
+
+  """
+  def token_holders_ordered_by_value(token_contract_address_hash, options \\ []) do
+    paging_options = Keyword.get(options, :paging_options, @default_paging_options)
+
+    token_contract_address_hash
+    |> token_holders_query
+    |> preload(:address)
+    |> order_by([tb], desc: :value)
+    |> page_token_balances(paging_options)
+    |> limit(^paging_options.page_size)
+  end
+
+  defp token_holders_query(token_contract_address_hash) do
+    from(
+      tb in __MODULE__,
+      where: tb.token_contract_address_hash == ^token_contract_address_hash,
+      where: tb.address_hash != ^@burn_address_hash,
+      where: tb.value > 0
+    )
+  end
+
+  defp page_token_balances(query, %PagingOptions{key: nil}), do: query
+
+  defp page_token_balances(query, %PagingOptions{key: {value, address_hash}}) do
+    where(
+      query,
+      [tb],
+      tb.value < ^value or (tb.value == ^value and tb.address_hash < ^address_hash)
+    )
+  end
 end
diff --git a/apps/explorer/lib/explorer/chain/address/token_balance.ex b/apps/explorer/lib/explorer/chain/address/token_balance.ex
index 2b1c4f64b8..383eb24ec2 100644
--- a/apps/explorer/lib/explorer/chain/address/token_balance.ex
+++ b/apps/explorer/lib/explorer/chain/address/token_balance.ex
@@ -5,14 +5,12 @@ defmodule Explorer.Chain.Address.TokenBalance do
 
   use Ecto.Schema
   import Ecto.Changeset
-  import Ecto.Query, only: [from: 2, limit: 2, where: 3, subquery: 1, order_by: 3, preload: 2]
+  import Ecto.Query, only: [from: 2, subquery: 1]
 
-  alias Explorer.{Chain, PagingOptions}
+  alias Explorer.Chain
   alias Explorer.Chain.Address.TokenBalance
   alias Explorer.Chain.{Address, Block, Hash, Token}
 
-  @default_paging_options %PagingOptions{page_size: 50}
-
   @typedoc """
    *  `address` - The `t:Explorer.Chain.Address.t/0` that is the balance's owner.
    *  `address_hash` - The address hash foreign key.
@@ -84,43 +82,6 @@ defmodule Explorer.Chain.Address.TokenBalance do
     from(tb in subquery(query), where: tb.value > 0, preload: :token)
   end
 
-  @doc """
-  Builds an `Ecto.Query` to fetch the token holders from the given token contract address hash.
-
-  The Token Holders are the addresses that own a positive amount of the Token. So this query is
-  considering the following conditions:
-
-  * The token balance from the last block.
-  * Balances greater than 0.
-  * Excluding the burn address (0x0000000000000000000000000000000000000000).
-
-  """
-  def token_holders_from_token_hash(token_contract_address_hash) do
-    query = token_holders_query(token_contract_address_hash)
-
-    from(tb in subquery(query), where: tb.value > 0)
-  end
-
-  def token_holders_ordered_by_value(token_contract_address_hash, options) do
-    paging_options = Keyword.get(options, :paging_options, @default_paging_options)
-
-    token_contract_address_hash
-    |> token_holders_from_token_hash()
-    |> order_by([tb], desc: tb.value, desc: tb.address_hash)
-    |> preload(:address)
-    |> page_token_balances(paging_options)
-    |> limit(^paging_options.page_size)
-  end
-
-  defp token_holders_query(contract_address_hash) do
-    from(
-      tb in TokenBalance,
-      distinct: :address_hash,
-      where: tb.token_contract_address_hash == ^contract_address_hash and tb.address_hash != ^@burn_address_hash,
-      order_by: [desc: :block_number]
-    )
-  end
-
   @doc """
   Builds an `Ecto.Query` to group all tokens with their number of holders.
   """
@@ -144,16 +105,6 @@ defmodule Explorer.Chain.Address.TokenBalance do
     )
   end
 
-  defp page_token_balances(query, %PagingOptions{key: nil}), do: query
-
-  defp page_token_balances(query, %PagingOptions{key: {value, address_hash}}) do
-    where(
-      query,
-      [tb],
-      tb.value < ^value or (tb.value == ^value and tb.address_hash < ^address_hash)
-    )
-  end
-
   @doc """
   Builds an `Ecto.Query` to fetch the unfetched token balances.
 
diff --git a/apps/explorer/test/explorer/chain/address/current_token_balance_test.exs b/apps/explorer/test/explorer/chain/address/current_token_balance_test.exs
new file mode 100644
index 0000000000..f02538f96b
--- /dev/null
+++ b/apps/explorer/test/explorer/chain/address/current_token_balance_test.exs
@@ -0,0 +1,149 @@
+defmodule Explorer.Chain.Address.CurrentTokenBalanceTest do
+  use Explorer.DataCase
+
+  alias Explorer.{Chain, PagingOptions, Repo}
+  alias Explorer.Chain.Token
+  alias Explorer.Chain.Address.CurrentTokenBalance
+
+  describe "token_holders_ordered_by_value/2" do
+    test "returns the last value for each address" do
+      %Token{contract_address_hash: contract_address_hash} = insert(:token)
+      address_a = insert(:address)
+      address_b = insert(:address)
+
+      insert(
+        :address_current_token_balance,
+        address: address_a,
+        token_contract_address_hash: contract_address_hash,
+        value: 5000
+      )
+
+      insert(
+        :address_current_token_balance,
+        address: address_b,
+        block_number: 1001,
+        token_contract_address_hash: contract_address_hash,
+        value: 4000
+      )
+
+      token_holders_count =
+        contract_address_hash
+        |> CurrentTokenBalance.token_holders_ordered_by_value()
+        |> Repo.all()
+        |> Enum.count()
+
+      assert token_holders_count == 2
+    end
+
+    test "sort by the highest value" do
+      %Token{contract_address_hash: contract_address_hash} = insert(:token)
+      address_a = insert(:address)
+      address_b = insert(:address)
+      address_c = insert(:address)
+
+      insert(
+        :address_current_token_balance,
+        address: address_a,
+        token_contract_address_hash: contract_address_hash,
+        value: 5000
+      )
+
+      insert(
+        :address_current_token_balance,
+        address: address_b,
+        token_contract_address_hash: contract_address_hash,
+        value: 4000
+      )
+
+      insert(
+        :address_current_token_balance,
+        address: address_c,
+        token_contract_address_hash: contract_address_hash,
+        value: 15000
+      )
+
+      token_holders_values =
+        contract_address_hash
+        |> CurrentTokenBalance.token_holders_ordered_by_value()
+        |> Repo.all()
+        |> Enum.map(&Decimal.to_integer(&1.value))
+
+      assert token_holders_values == [15_000, 5_000, 4_000]
+    end
+
+    test "returns only token balances that have value greater than 0" do
+      %Token{contract_address_hash: contract_address_hash} = insert(:token)
+
+      insert(
+        :address_current_token_balance,
+        token_contract_address_hash: contract_address_hash,
+        value: 0
+      )
+
+      result =
+        contract_address_hash
+        |> CurrentTokenBalance.token_holders_ordered_by_value()
+        |> Repo.all()
+
+      assert result == []
+    end
+
+    test "ignores the burn address" do
+      {:ok, burn_address_hash} = Chain.string_to_address_hash("0x0000000000000000000000000000000000000000")
+
+      burn_address = insert(:address, hash: burn_address_hash)
+
+      %Token{contract_address_hash: contract_address_hash} = insert(:token)
+
+      insert(
+        :address_current_token_balance,
+        address: burn_address,
+        token_contract_address_hash: contract_address_hash,
+        value: 1000
+      )
+
+      result =
+        contract_address_hash
+        |> CurrentTokenBalance.token_holders_ordered_by_value()
+        |> Repo.all()
+
+      assert result == []
+    end
+
+    test "paginates the result by value and different address" do
+      address_a = build(:address, hash: "0xcb2cf1fd3199584ac5faa16c6aca49472dc6495a")
+      address_b = build(:address, hash: "0x5f26097334b6a32b7951df61fd0c5803ec5d8354")
+
+      %Token{contract_address_hash: contract_address_hash} = insert(:token)
+
+      first_page =
+        insert(
+          :address_current_token_balance,
+          address: address_a,
+          token_contract_address_hash: contract_address_hash,
+          value: 4000
+        )
+
+      second_page =
+        insert(
+          :address_current_token_balance,
+          address: address_b,
+          token_contract_address_hash: contract_address_hash,
+          value: 4000
+        )
+
+      paging_options = %PagingOptions{
+        key: {first_page.value, first_page.address_hash},
+        page_size: 2
+      }
+
+      result_paginated =
+        contract_address_hash
+        |> CurrentTokenBalance.token_holders_ordered_by_value(paging_options: paging_options)
+        |> Repo.all()
+        |> Enum.map(& &1.address_hash)
+
+      assert result_paginated == [second_page.address_hash]
+    end
+  end
+end
diff --git a/apps/explorer/test/explorer/chain_test.exs b/apps/explorer/test/explorer/chain_test.exs
index 414a54e217..0634f02bf0 100644
--- a/apps/explorer/test/explorer/chain_test.exs
+++ b/apps/explorer/test/explorer/chain_test.exs
@@ -2956,173 +2956,32 @@ defmodule Explorer.ChainTest do
   end
 
   describe "fetch_token_holders_from_token_hash/2" do
-    test "returns the last value for each address" do
+    test "returns the token holders" do
       %Token{contract_address_hash: contract_address_hash} = insert(:token)
-      address = insert(:address)
+      address_a = insert(:address)
+      address_b = insert(:address)
 
       insert(
-        :token_balance,
-        address: address,
-        block_number: 1000,
+        :address_current_token_balance,
+        address: address_a,
         token_contract_address_hash: contract_address_hash,
         value: 5000
       )
 
       insert(
-        :token_balance,
-        block_number: 1001,
-        token_contract_address_hash: contract_address_hash,
-        value: 4000
-      )
-
-      insert(
-        :token_balance,
-        address: address,
-        block_number: 1002,
-        token_contract_address_hash: contract_address_hash,
-        value: 2000
-      )
-
-      values =
-        contract_address_hash
-        |> Chain.fetch_token_holders_from_token_hash([])
-        |> Enum.map(&Decimal.to_integer(&1.value))
-
-      assert values == [4000, 2000]
-    end
-
-    test "sort by the highest value" do
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      insert(
-        :token_balance,
-        block_number: 1000,
-        token_contract_address_hash: contract_address_hash,
-        value: 2000
-      )
-
-      insert(
-        :token_balance,
+        :address_current_token_balance,
+        address: address_b,
         block_number: 1001,
         token_contract_address_hash: contract_address_hash,
-        value: 1000
-      )
-
-      insert(
-        :token_balance,
-        block_number: 1002,
-        token_contract_address_hash: contract_address_hash,
         value: 4000
       )
 
-      insert(
-        :token_balance,
-        block_number: 1002,
-        token_contract_address_hash: contract_address_hash,
-        value: 3000
-      )
-
-      values =
+      token_holders_count =
         contract_address_hash
         |> Chain.fetch_token_holders_from_token_hash([])
-        |> Enum.map(&Decimal.to_integer(&1.value))
-
-      assert values == [4000, 3000, 2000, 1000]
-    end
-
-    test "returns only token balances that have value" do
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      insert(
-        :token_balance,
-        token_contract_address_hash: contract_address_hash,
-        value: 0
-      )
-
-      assert Chain.fetch_token_holders_from_token_hash(contract_address_hash, []) == []
-    end
-
-    test "returns an empty list when there are no address with value greater than 0" do
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      insert(:token_balance, value: 1000)
-
-      assert Chain.fetch_token_holders_from_token_hash(contract_address_hash, []) == []
-    end
-
-    test "ignores the burn address" do
-      {:ok, burn_address_hash} = Chain.string_to_address_hash("0x0000000000000000000000000000000000000000")
-
-      burn_address = insert(:address, hash: burn_address_hash)
-
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      insert(
-        :token_balance,
-        address: burn_address,
-        token_contract_address_hash: contract_address_hash,
-        value: 1000
-      )
-
-      assert Chain.fetch_token_holders_from_token_hash(contract_address_hash, []) == []
-    end
-
-    test "paginates the result by value and different address" do
-      address_a = build(:address, hash: "0xcb2cf1fd3199584ac5faa16c6aca49472dc6495a")
-      address_b = build(:address, hash: "0x5f26097334b6a32b7951df61fd0c5803ec5d8354")
-
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      first_page =
-        insert(
-          :token_balance,
-          address: address_a,
-          token_contract_address_hash: contract_address_hash,
-          value: 4000
-        )
-
-      second_page =
-        insert(
-          :token_balance,
-          address: address_b,
-          token_contract_address_hash: contract_address_hash,
-          value: 4000
-        )
-
-      paging_options = %PagingOptions{
-        key: {first_page.value, first_page.address_hash},
-        page_size: 2
-      }
-
-      holders_paginated =
-        contract_address_hash
-        |> Chain.fetch_token_holders_from_token_hash(paging_options: paging_options)
-        |> Enum.map(& &1.address_hash)
-
-      assert holders_paginated == [second_page.address_hash]
-    end
-
-    test "considers the last block only if it has value" do
-      address = insert(:address, hash: "0x5f26097334b6a32b7951df61fd0c5803ec5d8354")
-      %Token{contract_address_hash: contract_address_hash} = insert(:token)
-
-      insert(
-        :token_balance,
-        address: address,
-        block_number: 1000,
-        token_contract_address_hash: contract_address_hash,
-        value: 5000
-      )
-
-      insert(
-        :token_balance,
-        address: address,
-        block_number: 1002,
-        token_contract_address_hash: contract_address_hash,
-        value: 0
-      )
+        |> Enum.count()
 
-      assert Chain.fetch_token_holders_from_token_hash(contract_address_hash, []) == []
+      assert token_holders_count == 2
     end
   end