How to Use Bubblemaps to Avoid Meme Coin Risks
In an era where meme coins are everywhere, how to avoid stepping on landmines? 🔍
1️⃣ Introduction to Bubblemaps Tool
Bubblemaps is a tool worth paying attention to. It can quickly display the distribution of token holdings, allowing you to see at a glance whether the project's team is secretly controlling a large amount of tokens.
Especially in the meme coin craze, many projects seem to be fairly issued, but in reality, insiders have long hoarded a large amount of chips, waiting for retail investors to enter before dumping and fleeing.
2️⃣ Risk Identification and Community Participation
Bubblemaps' visual interface directly shows wallet concentration. If you find that a few wallets control most of the tokens, you need to be cautious.