The blockchain world claims to be completely transparent, and all transaction records can be found in a browser. You can open Etherscan, Solscan, or Basescan to see who holds how many tokens and who transferred to whom. But honestly, just looking at a bunch of addresses and numbers can feel like reading 'alien language' for most people, making it hard to piece together a meaningful picture.

At this point, Bubblemaps acts like a combination of a magnifying glass and a map, helping us 'visualize' cold, hard data.

Find Deeper Connections between Wallets


🎈 The rules are simple: understand it in four steps.

  1. One bubble = one wallet.
    At most, only the top 150 wallets are displayed.

  2. Bubble size = holding ratio.
    The larger the bubble, the more it represents holding.

  3. Bubble connection = there are transactions.
    As long as two wallets have had a Gas Token transaction (ETH, SOL, BNB...), a line will be drawn between them.

  4. The appearance of the line = interaction direction.

    • Dashed line: one-way transfer.

    • Solid line: mutual transfers.

This way, you not only know who the big players are, but you can also see if these big players are part of the 'same group'.

🔍 Real case: from Bonk to Bitget Token.

  • Bonk (Solana)

    Click on a bubble, and the details will be displayed in the upper left corner: ranking, holding ratio, and how much supply is controlled by the cluster. Then, click 'Show Transfers' to immediately see who it has interacted with.

  • Bitget Token (ETH)

    On Etherscan, you can only see 'Top Holders', but on Bubblemaps, you will see a line between wallet #9 and wallet #7. It turns out #9 once transferred 0.1 ETH to #7, marking the beginning of a small cluster.

Bubblemaps: Rules of the Game

🧩 The meaning behind the cluster.

When you see a long string of wallets connected together, it could indicate:

  • The project team is issuing airdrops/pre-sales.

  • Marketing wallets are distributing tokens.

  • They may actually all be the wallets of the same investor.

For example, the pre-sale of Turbo (ETH) is very classic: the central wallet #3 received a bunch of ETH and then distributed $TURBO back. This is a 'typical pre-sale cluster'.

🚨 How to catch anomalies?

There's something even more horrifying: some malicious projects engage in 'market manipulation'.

Like the case of BHLTC (SOL), wallet #111 is connected to 110 big players, controlling 91% of the supply. This is very dangerous because if these wallets sell off at the same time, the price will crash directly.

So be cautious when you see the following situations:

  • A single cluster controls too much supply.

  • Wallets are transferring back and forth wildly.

  • No lockup but massive sell-offs.

Traditional blockchain explorers give you 'static data', while Bubblemaps provides you with an 'interactive network map'. Through these bubbles and lines, we can quickly see:

  • Which are normal trading networks.

  • Which are actually 'self-directed' by the project team.

  • Which big players hold the keys to influencing the market.

In today's trend of meme coins and the emergence of new projects, knowing how to read bubble maps is a super useful skill to avoid being 'cut'.