Select a wallet then Show Transfers to see how much ETH was sent back and forth!
Click on the yellow cluster to see how much the wallets cumulatively own
Switch from ETH transfers to the native UNI transfers using our mode selector
Case Studies
Learn how to use Bubblemaps when reading on‑chain data.
A clear vision for better decisions.
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.
BabyCare
How a token on BNB Chain used wallet-splitting to run away with $400,000
In October 2021, BabyCare was trending on CoinMarketCap. Bubblemaps revealed that 40 connected wallets cumulatively held 25% of the supply. We immediately notified our community that we suspected wallet-splitting (spreading large amounts of tokens into multiple wallets to lure investors).
Three days later, $400k were sold at once through those wallets. The team deleted their socials and was never seen again.
BabyCare
How a token on BNB Chain used wallet-splitting to run away with $400,000
In October 2021, BabyCare was trending on CoinMarketCap. Bubblemaps revealed that 40 connected wallets cumulatively held 25% of the supply. We immediately notified our community that we suspected wallet-splitting (spreading large amounts of tokens into multiple wallets to lure investors).
Three days later, $400k were sold at once through those wallets. The team deleted their socials and was never seen again.
Uniswap
Why the supply is so important for a Decentralized Autonomous Organization
Uniswap Protocol operates on the governance token UNI. Anyone holding UNI can vote on future development proposals for the protocol.
Using Bubblemaps, we can identify multiple holders connected through UNI transfers, which indicates they might know each other. Since the voting power is correlated with the amount of tokens held, those wallets have a large influence on the votes.
