Blockchain Intelligence Platform Bubblemaps has launched the general public version of its V2 product and offers recent tools with which users can recognize insider activities and forestall Memecoin-related fraud.
BIFOLSPSPS V2 was announced on May 29 and follows a non-public beta test period wherein over 200,000 users were attracted. The recent characteristics include “magical nodes” that uncover hidden token pocket connections between token owners, and “time travel”, a tool that reconstructs the historical distribution of tokens, which suggests that early insider activities or coordinated accumulation efforts are captured.
“Historical data in Crypto is thought to be difficult to access because they’re buried under countless recent transactions,” said Nicolas Vaiman, CEO of BIFORESPFA, to CoinTelegraph.
“Time travel changes. It is as in case you were watching an enormous bang, from the initial outbreak of a single bubble to an adult distribution,” he said.
Source: Bub problemaps
With the tool, users can rewind all the life cycle of the token and develop developing distribution structure that helps them to acknowledge “early signs of manipulations or coordinated garbage copies”, added Vaiman.
The detection of tokens with a big a part of the offer that’s targeting some wallets can assist investors recognize fraud corresponding to carpet trains, wherein insiders increase liquidity or mass sales, which results in a steep price abort, which leaves investors with worthless tokens.
A big-scale carpet got here on March 16 after the sudden collapse of the wolf of Wall Street-inspired wolf token, which was founded by Hayden Davis, the co-creator of the official Melania Meme (Melania) and Libra token.
The Memecoin recorded a crash of 99% and deleted most of its maximum market capital of $ 42 million inside just a few hours. Over 82% of the token offer was held by a single unit, a big red flag for each cryptocurrency.
Bubblemaps played a key role within the detection of suspicious item pocket activities in reference to several memores, including melania tokens and a series of pretend memoins with Eric Trump issues.
Redeemed into the “Infofi” Ara for Web3 users
According to the bubbles, his tools help to grow to be structured blockchain data on the idea of the “next financial layer of crypto”, which is an element of the infoofi era of the growing information financing and offers investors more powerful forensic tools.
“Solana has proven that real-time transparency isn’t any longer optional, it is anticipated,” said Vaiman and added:
“This matches directly into the InfoFi movement and offers users the tools to remodel Roh -onchain data into clear, implementable information.”
The platform is integrated into among the most regularly used protocols on Solana, including the Memecoin start -up platform pump.
Bub problem V2 can also be available for Ethereum, BNB chain, base, tron and apecelic.
