Binance Wallet has teamed up with Bubblemaps to incorporate on-chain analytics into its non-custodial Web3 Wallet.
Summary
- Users of Binance’s non-custodial Web3 Wallet can now utilize bubble-map visualizations for token distribution, wallet clusters, and historical token movements with Bubblemaps’ Time Travel feature.
- Bubblemaps V2 was made publicly available in late May due to strong demand from the community.
- The platform has previously uncovered significant crypto incidents, such as manipulations in MELANIA, LIBRA, NEIRO, and DADDY tokens, demonstrating its efficiency in detecting suspicious activities.
Bubblemaps launched on Binance Wallet
Binance’s non-custodial Web3 Wallet has partnered with on-chain analytics platform Bubblemaps, granting its users access to bubble-map visualizations of token distribution and wallet clusters.
“As more traders and activities transition on-chain, the demand for accessible, transparent blockchain data is increasing. Integrating Bubblemaps into Binance Wallet is part of our initiative to offer users clear insights, assisting them in making more informed trading decisions,” Winson Liu, head of Binance Wallet, told Cointelegraph.
With the Bubblemaps integration, Binance Wallet users can now navigate token distribution across wallets through user-friendly bubble-map visualizations, enabling them to quickly identify if a few wallets hold disproportionate amounts of a token.
The tool also groups associated wallets into clusters, aiding traders in recognizing coordinated activity or connected entities. Furthermore, the integration offers historical context via Bubblemaps’s Time Travel feature, allowing users to monitor past token movements and wallet interactions.
Bubblemaps V2 was officially launched to the public in late May following high community demand.
Prior to its public V2 launch, Bubblemaps had already drawn attention for uncovering prominent cases of suspicious activity in the crypto domain.
For example, the platform revealed that the same wallet was involved in launching both MELANIA and LIBRA memecoins, employing rapid sniping tactics to gain millions in profits while moving funds across various chains.
In another significant incident, Bubblemaps disclosed that insiders were found to control 78% of the NEIRO token supply at launch, yielding $4.5 million while maintaining a considerable amount of the tokens. Bubblemaps also flagged the DADDY token, promoted by Andrew Tate, where insiders acquired 30% of the supply before its marketing began, ultimately holding over $45 million.
