Thread by @2xnmore

The pursuit for #100x returns is important, but mitigating losses is equally vital in investment.

Bubblemaps highlights most of the warning signals that heeded, can prevent loss of assets by wallet fraud.

Here's what @Bubblmaps is solving that you didn't know.🧵

The scope of this thread will include

1. Introduction
2. How does it work
3. Problems solved with #Bubblemaps
4. Conclusion and recommendation

Let's get started 👇

1️⃣ We often have a tendency to react rather than prevent.

This habit results in frequent financial losses and disappointment.

#Bubblemaps addresses both common and uncommon causes of wallet fraud that can result in partial or complete loss of funds.

2️⃣ Bubblemaps, a supply auditing tool for DeFi tokens and NFTs, utilizes colorful bubbles to display connections between crypto wallets.

Bubblemaps supports chains like : ETH, FTM, AVAX, ARB, CRO etc.

The size of the bubbles indicates the quantity of tokens held in each wallet.

If the largest share of tokens is concentrated in closely linked wallets, it may indicate suspicious behavior.

This can include practices such as wash trading, hiding the status of a large investor by splitting their tokens among connected wallets, and manipulating voting power.

3️⃣ Here are some vital problems #Bubblemaps address with it's unique technology.

- Wash trading is a practice in which a trader simultaneously buys and sells the same financial instrument with the goal of artificially inflating the trading volume and manipulating market prices.

This is considered fraudulent behavior and is illegal in regulated financial markets.

In the cryptocurrency market, wash trading can be used to create the illusion of higher liquidity or to influence the price of a particular asset.

Unfortunately this occurs frequently in the Nft market.

#Bubblemaps aims to solve this problem and It does this through transparency and amazing visual display of funds and transactions between wallets.

- Many projects have questionable tokenomics.

And for most investors they usually notice when it's already too late.

Tokenomics may look promising on paper, but its effectiveness should be confirmed through examination of on-chain data.

This includes examining:

• The number of tokens held by the team compared to their original presentation
• The number of tokens sold during different rounds
• The size of the reserve.

It's always advisable to verify with #Bubblemaps rather than blindly trust.

-#Bubblemaps allows you to connect wallets transactions and holdings.

Therefore using multiple wallets for missdirectional purposes will be detected

Big players use sophisticated methods to trick you.

Babycarebsc swindled $500,000 from investors by simultaneously selling from 50 distinct wallets.

The wallets were linked through Binance Coin (BNB) transactions forming a recognizable cluster.

4️⃣ Following the collapse of @FTX_Official, a single mysterious wallet now controls 60% of the #FTT supply, without being labeled or secured.

The potential for liquidation by large wallets could cause significant harm.

Labeling and secure locking of top wallets is necessary.

That's all folks

If you enjoyed this thread:

1. Follow me @2xnmore for more of these

2. Also follow @bubblemaps RT + Like and share the thread, thanks.

#Bubblemaps

A list crypto influencers steering the CT community:

@cyrilXBT
@ViktorDefi
@crypto_linn
@CryptoGirlNova
@RvCrypto
@CRyptOracl3
@@BraverCrypto
@BrianneFrey
@cryptopilot16
@CyrillePastour
@c_wondergirl
@thelearningpill
@MercyDeGreat
@shivsakhuja
@wauwda
@DamiDefi

With #Bubblemaps visual mapping feature, rugpulls will become a thing of the past.

Users can easily see where their money is being directed.

Read all about the project here 👇

https://twitter.com/2xnmore/status/1620047457748131844?t=UENBdzP92MUbZRD-6yhzqQ&s=19

Accounts that talk about bubblemaps you should follow :

@crypthoem
@_bubblesquad
@mehdcoin
@alpha_pls
@cecilialsn
@bubblemaps
@CryptoGirlNova
@DefiIgnas
@VirtualKenji
@crypto_linn
@andrewhong5297

Thanks for your attention 🙏.