Exploring Bubblemaps: A Powerful Tool for Token Analysis 🫧
Analyzing token distribution and wallet activity on the blockchain can be complex. While traditional block explorers provide raw data, gaining a clear, visual perspective is often challenging. That’s where Bubblemaps comes in.
What is Bubblemaps?
#Bubblemaps visualizes wallet data by representing each wallet as a bubble, with its size corresponding to the amount of tokens held. Connected wallets—those that send tokens between each other—are grouped, creating an interactive map that reveals key insights at a glance:
Distribution: Are tokens concentrated in a few wallets, or are they widely distributed?
Connections: Are large holders or the project team moving tokens between their own wallets? Such patterns can indicate potential risks.
Whales: Identify major holders and understand how they interact within the ecosystem.
In essence, Bubblemaps transforms the blockchain’s extensive ledger into a clear, visual representation that tells a story.
My Experience
I recently used Bubblemaps to analyze a new token. The visualization quickly revealed that most tokens were concentrated in a few wallets, frequently moving among themselves. This insight helped me make a more informed investment decision.
While it’s not a crystal ball, Bubblemaps is a valuable tool for enhancing transparency and improving blockchain analysis.
Have you tried Bubblemaps or similar visualization tools? I’d love to hear about your experiences.
Share your thoughts in the comment below👇
