👉How to read a Bubblemap
Last updated
Last updated
A Bubblemap shows who holds a token and how wallets are connected. Each circle (bubble) is a wallet, and the map helps you see patterns in token ownership that aren’t obvious on a blockchain explorer.
Bubbles = Wallets
Big bubble → wallet holds a lot of tokens
Small bubble → wallet holds fewer tokens
Lines = Connections
A line between two bubbles means tokens moved between them
Lots of lines → closer relationship
Clusters = Groups
A cluster is a group of bubbles connected by lines
Often shows coordinated behavior or wallets controlled by the same entity
Concentration of Power
If just a few big bubbles hold most of the supply, risk is high.
Healthy projects usually have more balanced distribution.
Connected Wallets
If many wallets are connected to each other, it may mean one group is splitting tokens across addresses to look decentralized.
Wash Trading & Fake Volume
If tokens bounce back and forth between the same wallets, that’s often fake trading to create hype.
Balanced bubbles, few connections = healthier distribution
Tight clusters, heavy connections = higher risk
Don’t panic at every big bubble → some wallets are exchanges or liquidity pools (they should be labeled).
Clusters tell the real story → big connected groups are often more suspicious than a single large holder.