BMT Series (8): Real Investigation Cases of On-chain Anomalies
On-chain data may seem chaotic, but through Bubblemaps' bubble charts, hidden anomaly patterns can often be clearly revealed. Below is a real investigation case that demonstrates how BMT helps users discover on-chain anomalies and identify potential market signals.
A newly issued token quickly attracted a lot of attention after its launch, but its price fluctuations were unusually severe. An analyst used the bubble chart feature of Bubblemaps V2 to analyze the distribution of top holders of the token. The bubble chart showed that several large bubbles (representing large holding addresses) formed a tight cluster through frequent on-chain transfers. By clicking on the 'Transfer/Withdrawal' menu, the analyst found that the transfer amounts between these addresses were unusually consistent, with regular time intervals, suggesting possible price manipulation.
Further utilizing the 'Magic Nodes' feature, the analyst added intermediary addresses of non-holders to the bubble chart and unexpectedly discovered that these addresses were related to the hot wallets of a well-known exchange. By filtering transfer records, it was confirmed that these addresses conducted high-frequency small transfers within a short period, likely to create a false appearance of trading activity. Combined with the 'Time Travel' feature, the analyst traced back to the early days of the token issuance, discovering that these addresses had acquired a large number of tokens as early as the TGE, speculating that this might be the behavior of insiders or market makers.
This case demonstrates the powerful capabilities of Bubblemaps in on-chain investigations. The bubble chart visually presents complex relational networks, magic nodes reveal hidden connections, while real-time data and historical tracking provide a multi-dimensional perspective. Ultimately, the analyst shared the findings with the community, sparking widespread discussion, and submitted an investigation proposal through Intel Desk, gaining the support of $BMT holders.
Such cases are not uncommon on Bubblemaps. Whether it's discovering potential money laundering activities or identifying exit signals from early investors, Bubblemaps' tools provide users with the ability to delve deep into the on-chain truth, truly embodying InfoFi's vision of 'Unlocking Intelligence'. $BMT
