Recently, the prosperity of the NFT market has raised doubts among people. The floor price of some projects has suddenly doubled, and rare items are being sold at high prices. These phenomena may hide unknown manipulations behind them. However, a visualization tool called @Bubblemaps.io is changing the game, providing investors with a new perspective on the NFT market.
The core function of Bubblemaps is "On-chain Perspective", which helps investors gain insights into the market truth in various ways:
First, the analysis of position concentration. Through the bubble chart, investors can intuitively understand the distribution of NFTs. If the top 5 addresses hold 70% of the NFTs, it likely indicates posing a higher risk of a dump. Conversely, if the bubbles are dispersed with many small addresses, it indicates high community participation, and the project may have better long-term development potential.
Secondly, counterparty analysis. Bubblemaps can track the historical trading records of buyers and sellers. If same pair of addresses frequently transfer NFTs to each other, or if the seller immediately returns ETH to the buyer after a transaction, it is likely a signal of a fake transaction, indicating that the market heat may be artificially created.
Once again, fund flow tracking. This tool can also monitor fund flows in real-time, especially during the presale of NFTs. If it is found that the project party allocates low-priced NFTs to "whitelisted" users, and these users quickly sell them at high prices to retail investors, Bubblemaps will issue a timely warning.
The practicality of Bubblemaps has been validated. In a popular NFT series that is rising on surface, the tool found that 60% of NFTs are traded only among 3 anonymous addresses, never interacting with real users. Relying on this discovery, many investors timely exited, avoiding the subsequent crash.
In addition to basic analysis, Bubblemaps also provides advanced features such as analysis of address staking records and analysis of deviation between transaction price and true value.
