When NFTs Are No Longer 'Blind Boxes': #Bubblemaps Helps You See Through 'Wash Trading Tactics'
How deep is the NFT market? A certain series' floor price doubling overnight could be due to the 'project team buying and selling with 10 wallets'; a certain 'rare version' being sold at a high price is actually 'left hand to right hand' to create hype. The visualization tool of #Bubblemaps is turning these 'tactics' into 'open cards', so NFT players no longer foot the bill for 'false prosperity'.
Its 'On-chain NFT Insight' feature hits the pain points:
- Holding concentration: Shows the holder distribution of a certain series using a bubble chart—if the top 5 addresses hold 70% of the NFTs, it is likely that the project team controls the market, posing a high risk of price collapse; if the bubbles are dispersed, and there are many small addresses 'holding only 1-2', it indicates high community participation and a greater likelihood of long-term development.
- Counterparty analysis: An NFT sold for 100 ETH, was it genuinely purchased by someone, or was it 'wash trading'? Bubblemaps will mark the historical transactions of buyers and sellers—if both have had multiple transfers between each other, or if the seller quickly transfers the ETH back to the buyer’s wallet after the transaction, it can basically be determined as a 'false transaction', with significant inflation in the floor price.
- Fund flow tracking: Project teams often transfer 'pre-sale NFTs' at low prices to 'whitelisted' addresses, and then allow them to sell at high prices to retail investors. #Bubblemaps can track the movements of these 'whitelist addresses', and once concentrated selling is detected, it will issue real-time warnings.
For example, in a certain popular NFT series, while the floor price appears to be continuously rising, #Bubblemaps reveals: 60% of the NFTs are being transferred back and forth among 3 anonymous addresses, and these addresses have never traded with external real users. This discovery has allowed many players to exit in time, avoiding the subsequent 'cliff-like drop'.
$BMT Token Unlock NFT Advanced Analysis: View 'NFT pledge records for a certain address', 'historical transaction price vs true value deviation', and other in-depth data, all require BMT. @Bubblemaps.io is transforming NFT investment from 'viewing images' to 'viewing data'.
$BMT #Bubblemaps