Beginner's Pitfall Guide: Using Bubblemaps to Uncover Three Latest Scams
Newcomers are the most likely to be deceived. Recently, I've observed three new types of scams that can easily be identified using Bubblemaps:
1. "Airdrop Phishing" Scam
- Scammers forge airdrop pages of well-known projects
- They ask you to connect your wallet to "claim" tokens
- In reality, they are authorizing transfer permissions
Solution:
Check the so-called "airdrop tokens" on Bubblemaps, and you will find:
- The contract was created less than 24 hours ago
- 99% of the tokens are in one wallet
- There are no real transfer records
2. "Exchange Listing" Scam
- Suddenly, a large number of accounts promote a token that is about to be listed on a major exchange
- They create FOMO (Fear of Missing Out) to attract buyers
Solution:
Check the holding distribution on Bubblemaps:
- Usually, the top 5 wallets control over 80% of the supply
- These addresses had already established their positions before the exchange listing news was released
- Community discussions are filled with bot accounts
3. "Pixiu Coin" Upgrade
- Allows selling but charges a 99% fee
- Uses complex contract code to hide restrictive clauses
Solution:
- Check the contract creator on Bubblemaps
- Usually associated with multiple already-ran-away projects
- Intel Desk will have historical warning markings
Final Reminder: There is no such thing as a free lunch. In the cryptocurrency world, remember: checking on-chain data is 100 times more important than reading whitepapers. #Bubblemaps $BMT @Bubblemaps.io