Select a wallet then Show Transfers to see how much ETH was sent back and forth!
Click on a bubble to check the delegation!
Check the historical data to follow the founder’s wallets overtime!
Case Studies
Learn how to use Bubblemaps when reading on‑chain data.
A clear vision for better decisions.
Uniswap
The Illusion of Democracy
The Uniswap Protocol operates using the governance token UNI. UNI holders have the ability to vote on future development proposals for the protocol.
We have identified that Andreessen Horowitz (a16z), a large private investor, owns a significant portion of the supply through 11 connected wallets. Because they hold more than 4%, which is known as the Uniswap quorum, they could pass proposals on their own. This raises concerns about a shift from democracy to oligarchy!
Shib
The Hidden Founder of Shiba Inu
Shiba Inu has become the largest meme coin in the cryptocurrency industry, with a market cap in the billions.
A group of interconnected wallets, which collectively hold over 10% of the coin's supply, has been identified. In 2020, one of these wallets purchased SHIB tokens worth 10k, representing 10% of the total supply. Later, the owner of this wallet decided to split the holdings into this cluster for increased security and anonymity. These wallets are likely owned by the founder of SHIB.
Shib
The Hidden Founder of Shiba Inu
Shiba Inu has become the largest meme coin in the cryptocurrency industry, with a market cap in the billions.
A group of interconnected wallets, which collectively hold over 10% of the coin's supply, has been identified. In 2020, one of these wallets purchased SHIB tokens worth 10k, representing 10% of the total supply. Later, the owner of this wallet decided to split the holdings into this cluster for increased security and anonymity. These wallets are likely owned by the founder of SHIB.
Squiggles
How a notorious NFT collection used wash trading to inflate the trading volume and floor price
Squiggles is an NFT collection on Ethereum. On February 10 2021, the blockchain detective CoffeeZilla reported that Squiggles was using shadow wallets to virtually increase the trading volume.
Using Bubblemaps, we can see that 3 central wallets are circulating ETH to 25 wallets. This pattern is a typical sign of wash trading, where an investor simultaneously sells and buys an asset to create hype around the project.
