Bubblemaps

• Bubblemaps visualises token holder distribution as connected bubbles, revealing wallet clusters and relationships.

• It has been used to expose insider concentration and coordinated holdings in launched tokens.

• BMT is used for accessing advanced features and governance.

• Supply allocated across community, ecosystem and contributors.

• Used for access to premium analysis and investigation features.

Pros:

• Visual analysis makes concentration patterns obvious to non-technical users, which raw data does not.

• Has produced findings that led to real accountability in specific token launches.

• Integrated into major data platforms, giving it distribution.

Cons:

• Wallet clustering is inferential; connected addresses are not proof of common control.

• Public accusations based on visual clustering can be wrong and are hard to retract.

• Analytics tooling is easily replicated once the approach is known.

• Exposure to on-chain transparency tooling with demonstrated impact.

• Distribution through major platform integrations.

• Weigh that clustering is inference rather than proof.

• Holder concentration rendered visually, so patterns that require expertise to find in raw data become obvious at a glance.

• Token holder concentration is public on-chain but effectively invisible without analysis most people cannot do.

• Visualising the clusters makes insider concentration legible to ordinary buyers.

• Founded by Nicolas Vaiman and Arnaud Droz.

• Backed by ecosystem investors.

• No public ICO. Distributed via Binance ecosystem programmes and airdrop in 2025.

• Clustering is inferential and can produce false conclusions.

• Reputational and legal exposure from incorrect public accusations.

• Analytics approaches are easily replicated.

• Revenue depends on premium subscriptions in a competitive market.