MARKETPEOPLE

$AGIX surged 300% in a single month, using "Bubblemaps" to identify wallets of early whales.

share
$AGIX surged 300% in a single month, using "Bubblemaps" to identify wallets of early whales.

Cryptocurrency analyst hoeem explained in a tweet using Bubblemaps how to identify investment opportunities from whale movements, citing SingularityNET AGIX token as an example, which has surged 300% since January.

He mentioned that Dune Analytics data dashboard also offers similar functionality, created by another analyst Defi_Mochi.

1. Search for Tokens on Bubblemaps

Enter the token name or address into Bubblemaps and search.

As previously introduced, Bubblemaps displays the distribution of tokens or NFTs with bubbles of different sizes, connecting related addresses with arrows to help identify relationships between large holder wallets.

2. Exclude Exchange Wallets

Click on "x days ago" in the top right corner to pay and view transaction history.

Hide exchange wallets in the wallet list in the top right corner for free.

3. View Large Holder Wallets

Analyst hoeem clicked on the larger bubbles outside the center to examine where their significant amount of AGIX tokens came from.

It was found that the contract address 0x2ff provided tokens to almost all the aforementioned large holder wallets, transferring nearly $1 billion worth of AGIX tokens in 264 transactions, accounting for over 80% of the total supply.

4. Buying by Large Holders Before the Rise

Another analyst Defi_Mochi further analyzed two addresses.

0xf4a:

  • Entry time: 1/1
  • Token cost: $0.045
  • Investment amount: $6,439
  • Unrealized gains: $23,293

0xa53:

  • Entry time: 1/8
  • Token cost: $0.0607
  • Investment amount: $9,397
  • Unrealized gains: $23,062

Analyst hoeem emphasizes that investors can identify forward-deployed large holder wallet addresses by analyzing competing coins with excellent performance, although Etherscan also has similar features, he believes Bubblemaps is faster and more intuitive.