At Trait Sniper, our mission is to serve as a resource for knowledge on NFTs in order to provide our users an advantage over the competition. With that stated, our recent cooperation with Bubble Maps should provide you with one of the insights necessary to make more effective trading decisions.
What is Bubble Maps?
Bubble Maps is a new way of exploring on-chain transfers through powerful visualizations. Each token has a unique map that shows how top holders have interacted with each other. It should display deeper connection between wallets. It's beneficial for gaining targeted insights about the project's clarity. Often, daily volumes, floor prices, or any other information becomes impossible to track after a strategy for wash trading or pump-and-dump strategies has been established.
But why though?
In the past 12 months alone, non-fungible tokens (NFTs) have blossomed into a multibillion-dollar segment of the cryptocurrency business. While blockchain aficionados see them as an encouraging indicator that widespread cryptocurrency adoption is on the horizon, NFTs provide some extremely lucrative chances for fraudsters owing to the sheer amount of money exchanged. However, NFTs are still in their infancy and may be a little chaotic in practice.Therefore, if you are considering purchasing any NFTs, you must first have a better understanding of the project. You may use Bubble Maps to check for red flag indicators.
Squiggles on Bubble Maps
How to Bubble Maps?
Trait Sniper is Bubble Maps' exclusive partner and it is now available for free.
There are all sorts of other features you can use to have a better insight, but there are the only two that we would consider mandatory best practices.
Each bubble represents a single wallet, bubbles are connected if there was at least one historical transaction between the corresponding wallets on Etherscan. Bubbles’ size are proportionate to its amount of NFTs holdings. Right panel shows the top 150 NFTs holders’ wallets with options to hide wallets if necessary.
On the top left panel, It would show wallet rank with the amount of NFTs of a bubble as well as transfer histories whenever you click on a bubble
Bubbles’ information
Transfer histories
How to Bubble Maps well
There are several use cases that you could take advantage of and make good decisions based on Bubble Maps. Belows are a few collections that we take Bubble Maps into consideration.
3landers
3landers is a somewhat robust collection due to the existence of a few ties amongst top holders. Additionally, you can see that whales are sweeping the floor as well.
Meebits
Meebits has a large concentration of ownership, implying wash trading due to the absence of royalties and the Looksrare incentive scheme.
We hope you found this article helpful. We are aware some of you already knew everything in here — but we'd guess that the majority of people will take away at least one item from this article that will enhance their NFTs experience.
We Are Still in the Early Stages.