Isn't it?? I'm really stupid... crying from being foolish 😭

Last night I wanted to chase high ETH, thinking I should play it safe first, so I opened @Bubblemaps.io to see how the big holders' distribution looks. As a result, after searching, I couldn't find ETH! There was only WBETH.

At that time, I thought the second-tier ETH was too aloof, and even BMT didn't dare to analyze it.

Tonight I wanted to chase again and wondered: why can't BMT even view ETH? So I went to ask GPT...

The truth makes me ashamed: 😅😅

ETH is not an ERC-20 token but the native asset of Ethereum, so there is no so-called 'token contract address'.

❓❓ Then why can't Bubblemaps find $ETH ?

• The working principle of Bubblemaps is:

It does not look at all native coins on the chain; instead, it specifically analyzes ERC-20 token contracts.

• For example:

If you want to check $PEPE, it has a contract address, and BMT can grab 'the top 100 holding addresses in this contract'.

But ETH does not have a contract address because it is the 'native coin' on the chain, not issued through an ERC-20 contract.

So Bubblemaps can only check WBETH (ETH wrapped as ERC-20), not the original ETH.

🔥 Bubblemaps' logic is to analyze token contracts → distribution of the top 100 holdings.

ETH holdings are in the thousands and millions, visualizing it would be a disaster scene.

In other words:

1. Bubblemaps is more suitable for breaking down meme coins, altcoins, or even new projects, to see if there's a whale controlling the market, or if funds are being crazily distributed.

2. As for ETH, what you should look at is not 'who holds the most', but rather the flow of funds.

It's really... a joke 😂

ETH, this native coin, is not something #Bubblemaps can handle.

The ones who can truly avoid pitfalls with BMT are those 'seemingly promising but actually highly manipulated' small coins.

What projects do you usually check with $BMT ? Let's communicate and break down the market together!