Thread by @bubblemaps

Everyone wants the next 100x

But avoiding losses is just as important when investing

Here are 5 red flags you can't afford to ignore 🧵

1️⃣ Unlocked wallets 🚨

Since @FTX_Official collapse, one mysterious wallet holds 60% of the supply of #FTT - unlocked and unlabeled

Large wallets can liquidate at anytime and create devastating repercussions.

Top wallets should be labeled and securely locked

2️⃣ Wallet splitting

Large holders execute advanced techniques to deceive you.

@babycarebsc stole $500k from investors by simultaneously selling from 50 different wallets.

Those wallets were connected through BNB transfers - forming an easy to recognize cluster 🚩

3️⃣ Wash trading

This happens when an investor simultaneously sells and buys an asset to inflate the volume and lure investors

A widespread and unfortunate occurrence in the NFT market

Spotting this is easy when you know how 👇

4️⃣ Botted launch

The first hours of a token launch require the most attention

@RotinHell_NFT was doomed when an investor took advantage of the free mint and claimed 50% of their NFTs

200 wallets are connected to a single point, with #AVAX transfers going back and forth 🚩

5️⃣ Deceptive tokenomics

Tokenomics sound good on (white) paper, but it must correlate with on-chain data:

» Is the team holding more than initially presented?
» How many tokens were sold during the rounds?
» How big is the reserve?

Don't trust, verify

Illuminate your trading, Bubblemaps is live and free 👇

app.bubblemaps.io