On-chain data analysis sounds complex, but Bubblemaps makes it as simple as looking at a map. In just three steps, you can have a professional judgment on the chip structure of any token or NFT project.
Step 1: Get the contract address and start analyzing.
Visit the Bubblemaps official website. Find the contract address of the project you want to study (which can be obtained from CoinGecko, DexScreener, or the project's official website), paste it into the search box, select the corresponding blockchain, and click start.
Step 2: Identify key roles and observe the overall distribution.
Once the map is generated, first focus on the largest bubbles. Hover over them to see their holding ratio. Pay attention to distinguish whether they are centralized exchanges (CEX), DeFi protocol contracts, or external holder accounts (EOA). Overall, is it a case of 'one dominating' or 'a hundred flowers blooming'?
Step 3: Deeply explore associated wallets.
This is the most critical step. Click on the large EOA bubble that interests you, and Bubblemaps will highlight all wallets associated with transfers to it. If multiple seemingly independent large wallets all received the initial tokens from the same unknown source wallet, they are likely to belong to the same group. This is a strong signal of centralization that requires your heightened vigilance.
With these three steps, you can add a strong layer of data support to your investment decisions. #Bubblemaps $BMT
