1 Understanding Bubblemaps: The 'X-ray machine' for on-chain data
Bubblemaps is an analytical platform that transforms raw blockchain data into intuitive visual charts. It uses a unique Bubble Map technology to clearly display the distribution of tokens across different wallets, wallet cluster effects, and hidden connections between them. Its core value lies in helping users quickly identify projects that appear decentralized on the surface but may actually be highly controlled by a few large holders.
The platform's native token BMT is not only used to unlock advanced features (such as historical data backtracking, AI intelligent parsing, cross-chain monitoring) but is also the core of its community governance and Intel Desk investigation platform. Holding $BMT allows participation in voting to determine the direction of investigations and even incentivizes contributors who successfully expose suspicious behavior.
2 YZY Token Case: A Typical Example of Major Holder Control
The YZY token is a MEME coin launched on Solana by the famous rapper Kanye West. The officially announced tokenomics shows:
• 20% for public issuance
• 10% allocated to the liquidity pool
• 30% allocated to Yeezy Investments LLC (locked for 3 months, linear release over 24 months)
• 20% allocated to the team (locked for 6 months, linear release over 24 months)
• 20% for the ecological development fund (locked for 12 months, linear release over 24 months)
This means that over 70% of YZY token shares are held within the project, with a low proportion circulating in the open market. On-chain analysis institutions Lookonchain and CoinBase director Conor Grogan have both monitored that over 94% of YZY tokens are held by internal addresses, with one multi-signature wallet controlling 87% of the supply. This highly concentrated holding has laid the groundwork for price manipulation.
3 @Bubblemaps.io Practical Analysis of YZY Control
Below, we will explain step by step how to use Bubblemaps' features to identify YZY's control situation.
3.1 Initial Setup and Basic Operations
1. Access the Bubblemaps Platform: First, you need to visit the official website of Bubblemaps or its integrated platforms (such as Etherscan or CoinGecko, which have partially integrated its features).
2. Enter Contract Address: In the search box, enter the contract address of the YZY token on Solana (since YZY is a new token, please be sure to verify the correct contract address through official channels to avoid falling into imitation scams).
3. Interpreting the Bubble Map:
• Bubble Size: Represents the amount of tokens held by the wallet address. The larger the bubble, the larger the holding.
• Bubble Position and Connections: The position of the bubbles and the connections between them indicate the financial relationships and transaction flows between wallets. Tightly clustered and connected bubbles usually suggest that these addresses may be controlled by the same entity or have close ties to each other.
3.2 Identifying Control Patterns
Through Bubblemaps' analysis of YZY, you may observe the following indications of major holder control:
• Giant Isolated Bubbles: There may be one or several bubbles that are much larger than the others, and they may be connected to many smaller bubbles through multiple lines. This usually corresponds to the holdings of project parties or major holders. According to reports, this is the case for YZY, where internal addresses hold the vast majority of tokens.
• Dense Wallet Clusters: You will find many smaller bubbles tightly clustered together, connected to a few larger bubbles. This pattern may indicate 'mouse warehouses' or internally associated addresses, where major holders disperse tokens into multiple 'sub-wallets' to hide their true holdings. However, the funding sources or behavioral patterns of these wallets are highly correlated and easily identifiable by Bubblemaps' clustering algorithm.
• Abnormal Fund Flow: By observing the direction of fund flow on the connections (for example, during the initial listing of the token, a large amount of YZY quickly transferred from several major bubbles to exchange addresses), one can infer the potential behavioral intentions of major holders.
3.3 Using Advanced Features for In-depth Investigation
If you hold $BMT tokens, you can unlock more powerful analytical tools to deepen your investigation:
• Time Travel: This feature allows you to go back to any historical time point to view the distribution status of tokens. For YZY, you can switch to its state when it was just launched to observe the concentration of the initial token distribution and the subsequent changes in large holders' positions (e.g., whether there were internal addresses quietly selling off after a price increase).
• Magic Nodes: Bubblemaps' AI algorithm (Magic Nodes) automatically identifies and marks suspicious wallet clusters. It may directly highlight those addresses that are highly suspected to be controlled or associated with the YZY team, saving you time on manual analysis.
• Profit and Loss Tracking (P&L Calculation): You can track the profit and loss situation of specific major holder addresses. For example, Lookonchain has monitored an address that lost nearly $160,000 in a short period due to leveraged trading of YZY. This can help you assess the cost range and current status of large holders.
3.4 Initiate or Participate in Community Investigations (Intel Desk)
$BMT tokens empower a community-driven investigation layer - Intel Desk.
1. Propose an Investigation: If you have questions about the behavior or fund flow of a specific major holder of YZY, you can stake a certain amount of $BMT to initiate an investigation proposal. For example, 'Proposal to investigate all sell transactions of address A (suspected YZY team address) in the past week.'
2. Voting Decisions: Other $BMT holders can vote on submitted proposals. Proposals that receive a high number of votes will receive priority processing from Bubblemaps officials and community researchers.
3. Contribution and Incentives: If you can contribute key information through on-chain analysis (for example, successfully identifying an unknown associated address of the YZY team), you can receive $BMT rewards after community verification. This mechanism encourages the community to jointly supervise the actions of project parties and major holders.
