Author: Minty Compiler: Cointime.com 237
The sooner you spot the next big project, the easier it will be for you to successfully exit liquidity.
Luckily, there's a free tool that lets you find potential bubble projects in seconds.
Let’s take a look at @Bubblemaps.
Bubblemaps is a visualization tool that displays the token distribution of any token in the form of an intuitive map.
Each wallet is represented as a bubble and you can quickly see who has the most coins and whether certain wallets are connected to each other.
Token distribution is important because if there are interconnected wallets holding a large amount of supply, they could quickly dump the price to zero.
To avoid this, just paste the contract address and Bubblemap will give you a top-to-bottom overview of the supply.
Understanding token distribution isn’t just about identifying fraud. You can also use Bubblemaps to discover well-distributed projects and track the buying and selling behavior of large players.
Take Pendle for example.
When you study large clusters, you may want to remove the noise by filtering out contracts and exchanges if it is not useful. Sometimes this may be relevant, but in this case we are mainly concerned with distribution and large wallets.
We can see that the distribution is quite fair, with the largest wallet holding 4.41% of the supply.
This could be a team or financial wallet, so make sure to do more research by clicking on their contract address.
You can track these wallets to see when they buy and sell. You can also view the historical distribution of a token to see how it has changed over time.
Just click on the calendar symbol in the upper right corner and then click on the date you want to view.
Bubblemaps also supports NFTs. You can quickly find the largest holders of any supported collection, their connections to other wallets, and historical distribution with the click of a button.
Overall, Bubblemaps is a great free tool that allows you to spot unequal token distribution and potentially bad projects before you become a taker.
Whether you use it to spot big players or avoid risks, Bubblemaps is a very useful tool.