Blockchain Intelligence Platform Bubblemaps has launched the general public version of its V2 product and offers latest tools with which users can recognize insider activities and stop Memecoin-related fraud.
BIFOLSPSPS V2 was announced on May 29 and follows a personal beta test period wherein over 200,000 users were attracted. The latest 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 understood to be difficult to access because they’re buried under infinite latest transactions,” said Nicolas Vaiman, CEO of BIFORESPFA, to CoinTelegraph.
“Time travel changes. It is as if you happen to were watching a giant bang, from the initial outbreak of a single bubble to an adult distribution,” he said.
Source: Bub problemaps
With the tool, users can rewind your complete 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 focused on some wallets might help investors recognize fraud comparable 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 a couple of 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 faux memoins with Eric Trump issues.
Redeemed into the “Infofi” Ara for Web3 users
According to the bubbles, his tools help to turn into structured blockchain data on the idea of the “next financial layer of crypto”, which is a component of the infoofi era of the growing information financing and provides investors more powerful forensic tools.
“Solana has proven that real-time transparency is not any longer optional, it is anticipated,” said Vaiman and added:
“This suits directly into the InfoFi movement and provides users the tools to remodel Roh -onchain data into clear, implementable information.”
The platform is integrated into a number of 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.
