Blockchain Intelligence Platform Bubblemaps has launched a public version of its V2 product, offering new tools to help users see insider activity and prevent memecoin-related scams.
Announced on May 29, Bubblemaps V2 complies with a private beta test period that attracts more than 200,000 users. New features include the “magic node,” which uncover hidden purse connections to tokenholders, and “time travel,” a tool that re -consists of the historical distribution of tokens, which potentially detect the early insider’s or coordinated accumulation efforts.
“Historical data in crypto is known to be difficult to access because it is buried under endless new transactions,” Bubblemaps CEO Nicolas Vaiman told cointelegraph.
“Time travel changes. It’s like watching a big bang, from the initial explosion of a single bubble to a full distribution,” he said.
The tool allows users to rewind the entire life cycle of the token and emerging distribution structure, which will help them see “early signs of manipulation or coordinated dumps,” Vaiman added.
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Spotting tokens with a large portion of the supply concentrated in some purse will help investors see scams like As the rag pullsWhere the insider removes the liquidity or stage of a mass sale, resulting in a steep price collapse leaving investors worthless tokens.
A large scale rug pull hit the crypto industry on March 16 after the sudden collapse of Wolf of Wall Street-inspired Wolf tokencreated by Hayden Davis, the co-creating of Official Melania Meme (Melania) and the Libra token.
Memecoin has seen a 99% crashing, which wiped most of the peak of $ 42 million market capitalization in a few hours. More than 82% of the token supply is held by a single creature, a major red flag for any cryptocurrency.
Bubblemaps played a key role in removing the weakening purse activity related to many memecoins, including The Melania Token And a set of fake Eric Trump has themed Memecoins.
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BUILDING During “Infofi” for web3 users
Bubblemaps said its tools help the blockchain’s structured data to be the foundation of the “next layer of financial crypto,” which forms part of the growing period of financial information (Infofi), which brings stronger forensic tools to investors.
“Solana has proven that real-time transparency is no longer optional, expected,” Vaiman said, and added:
“It fits itself to the Infofi movement, which gives users tools to draw onchain data to clear, can act information.”
The platform was integrated with some of the most widely used protocols in Solana, including the Memecoin launch platform pump.fun, Dex Screener, Photon and Bullx, aimed at serving as the main analytics later for Solana Blockchain.
Bubblemaps V2 is also available in Ethereum, BNB chain, base, tron and apechain.
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