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- Binance Wallet integrates Bubblemaps, offering users on-chain analytics for token distribution and wallet clusters.
- The Time Travel feature lets Binance Wallet users track past token movements and wallet interactions.
- Bubblemaps V2 reveals insider activities, such as controlling 78% of NEIRO tokens and manipulating DADDY token supply.
Binance Wallet has declared a collaboration with Bubblemaps to add on-chain analytics to its non-custodial Web3 wallet. Such integration gives users the ability to see the distribution of tokens and clusters of wallets in interactive bubble-map visualizations. The movement follows the rising popularity of the transparent blockchain data among the crypto traders.
The new feature will provide access to Binance Wallet users for the exploration of token distribution in different wallets. A small number of wallets may contain a large percentage of the supply of a token, and the user can easily determine this. The bubble maps are also used to cluster similar wallets around each other, aiding the traders in identifying organized actions or interconnected parties.
Binance Wallet Enhances Decision-Making with Intuitive Blockchain Data
Winson Liu, head of Binance Wallet, said the integration will be used to give users more intuitive information regarding blockchain data. With the shift of the crypto industry towards on-chain, such information will be critical to the effective decision-making of traders. Binance Wallet has the mission of providing its users with efficient and convenient applications for navigating the tricky crypto landscape.
The integration includes the Bubblemaps feature for time travel, along with the visualization of token distribution. This functionality enables customers to monitor past transactions of tokens as well as wallet transactions. It also gives a background on how tokens have been shuffled in wallets over the years, which assists traders in learning more about market dynamics.
Also Read: SharpLink Deploys $200M in Ethereum on Linea to Boost Institutional DeFi Yields
Bubblemaps V2 Uncovers Suspicious Activity in Crypto Space
However, the latest version of Bubblemaps V2, which was released publicly in May, has already caught the eyes of people who want to discover suspicious actions in the crypto space. The platform disclosed the involvement of the wallet in the drops of both MELANIA and LIBRA memecoins. The wallet involved the rapid snipe techniques, which pulled out millions in earnings and transferred funds through the different chains to cover its tracks.
In a more high-profile case, Bubblemaps disclosed that at the time of launch, insiders had frozen 78% of the NEIRO token supply, earning themselves $4.5 million with a large stash of tokens in their possession.
The platform also revealed that the insiders of the DADDY token, linked to Andrew Tate, bought 30% of the supply prior to the marketing happening to the general audience. It all led to their possession of more than $45 million.
Combining Bubblemaps with its wallet, Binance Wallet will offer users clear action data to make informed trades. This partnership will enhance the presence of Binance Wallet in the Web3 arena. And provide crypto traders with the resources necessary to discern market trends and make their decisions smarter.
Also Read: Brazil’s Central Bank Moves Forward with Bitcoin Reserve Plans
