What is Bubblemaps? Why is it important?

Bubblemaps is currently the most intuitive on-chain chip analysis tool, visualizing token holders as a "bubble chart":

  • The larger the bubble → the more tokens held by the wallet

  • Connected bubbles → there are trading relationships between wallets

  • Gathered bubbles → multiple wallets possibly controlled by the same entity

Case Study: NEIRO - 78% of the supply was bought up by insiders

Bubblemaps once revealed a typical case: when the NEIRO token was launched, insiders bought up 78% of the supply at the moment of issuance, subsequently making a profit of $4.5 million.

The chip distribution at that time was as follows:

  • Multiple newly created wallets bought NEIRO in the same block

  • There are obvious financial connections between these wallets (shown as tightly connected in the bubble chart)

  • Eventually, these wallets concentrated their sell-off after the token surge

How to identify dangerous tokens using Bubblemaps?

Step 1: Check chip concentration

  • Check the proportion of the top 10 holders to the total supply

  • Danger signal: the top 10 hold over 40%

Step 2: Check wallet associations

  • Are there tightly connected clusters in the bubble chart?

  • Danger signal: multiple large wallets are interconnected and created around the same time - 7

Step 3: Check the decentralization rating

  • Bubblemaps will give each token a 'decentralization rating'

  • Danger signal: a score below 30 indicates a high concentration of chips

Step 4: Check inflow to exchanges

  • Have large wallets started transferring to exchanges like Binance?

  • Danger signal: whale wallets have just transferred to the exchange

Today's practical operation: check the Meme coins you hold

Taking the Meme coins of the Solana ecosystem as an example, you can check it like this today:

  1. Open bubblemaps.io

  2. Enter the token contract address you want to check

  3. Observe the bubble chart:

    • If you see several large circles connected together → Danger

    • If you see a super large circle → Extremely dangerous (a single address holds over 20%)

    • If you see a dense distribution of small circles → Relatively safe

Advice for fans

New regulations for market makers + Bubblemaps check = Double insurance

By combining Binance's new regulations and Bubblemaps, a 'Token Safety Scoring System' can be established:

Tokens rated in the 'danger' zone are recommended to be reduced or cleared immediately.