Bubblemaps Uncovers 20+ Manipulation Cases in Top Tokens

Key Takeaways:

– Bubblemaps rewards 1,010 top users with $BMT via V2 airdrop leaderboard.
– Moonlight token holders migrate to $BMT through secure claim portals.
– Over 20 viral investigations reveal token manipulation across SHIB, UNI, dYdX, and more.
Bubblemaps Uncovers 20+ Manipulation Cases in Top Tokens

Bubblemaps Rewards V2 Users and Migrates Moonlight to $BMT, launching an exclusive airdrop campaign alongside a secure token transition. The initiative celebrates the platform’s most engaged users and integrates legacy holders into the growing $BMT ecosystem.

The V2 airdrop campaign used a points-based leaderboard to reward top contributors, distributing tokens to 1,010 users through a tiered and lottery model. Simultaneously, the Moonlight Migration allowed legacy token holders to seamlessly convert into $BMT using dedicated claim portals, ensuring security and accessibility.

Bubblemaps continues to expand its influence with over 20 viral investigations since late 2023, exposing wallet manipulation and governance concentration across major projects like $SHIB, $UNI, and $dYdX.

Over 20 Breaking Investigations Uncovered Since October 2023

Since October 2023, Bubblemaps has published over 20 high-impact investigations into the crypto community. Many of these investigations went viral and collectively reshaped community understanding of token ownership and crypto transparency, all visualized with Bubblemaps’ intuitive tools. Here are some of the investigations:

ProjectIssue DescriptionDate
Chiliz (CHZ)Whale wallets turned $1M → $100M over 2 years.January 17, 2023
Uniswap (UNI)a16z controlled 4%+ of votes across 11 wallets.February 6, 2023
PEPEOne trader held 5%, missed out on $70M gains.May 8, 2023
Gala Games (GALA)Internal conflict involving $100M in missing tokens.September 21, 2023
dYdXVCs owned 25%+ of supply (~$500M) before major unlock.October 18, 2023
Compound (COMP)a16z held 10%+ of voting power, above 4% quorum.December 11, 2023
Satoshi VM (SAVM) IDO SnipingInfluencers and insiders made $16M+.January 20, 2024
SHIB Whale Cluster Whale held 10% via 150 wallets, worth $2.5B.November 20, 2024
HAWK Token96% of supply held in one wallet cluster pre-launch.December 5, 2024
Trump TokenOne wallet deployed 60+ Trump-themed tokens using same pattern.March 22, 2025

On February 6, 2023, the platform identified that a16z controlled over 4% of governance power in Uniswap, effectively granting the firm the ability to reject proposals unilaterally.

In another case, Bubblemaps’ analysis of Shiba Inu’s token supply revealed on November 20, 2024, that several wallet clusters held a disproportionate amount of SHIB, raising concerns about market manipulation risks.

Similarly, on December 5, 2024, the investigation into the launch of the Hawk token exposed that 96% of its supply was held by a single cluster of wallets, signalling elevated risks of manipulation or a potential rug pull.

Furthermore, Bubblemaps linked a cluster of wallets associated with crypto influencers to coordinated selling activity following promotional efforts for Satoshi VM. This behaviour drew attention to misleading practices targeting retail investors and led to increased calls for transparency.

SatoshiVM
Bubblemap of SatoshiVM reveals high wallet concentration among influencers. Image via X

The platform also provided detailed insights into the ownership structure of dYdX, revealing that venture capital firms held substantial portions of the token supply. In a related investigation, Bubblemaps showed that a16z had dominant voting power in Compound, with over 40% of votes tied to the firm or its affiliates.

Interestingly, Bubblemaps contributed to public understanding of a major internal conflict at Gala Games by visualizing a legal dispute involving $100 million in missing tokens. This investigation helped shed light on the scope and implications of the issue, providing the community with greater clarity.

Most recently, Bubblemaps has released findings from an investigation into TrumpCoin ($TRUMP), a meme token that launched in early 2025. According to the analysis, a tightly connected cluster of wallets accumulated a significant portion of the token supply shortly after deployment, despite claims of a fair launch.

Bubblemaps V2 Airdrop and Token Migration

From day one, Bubblemaps has deepened its integration within the cryptocurrency ecosystem by aligning with major platforms such as CoinGecko, Dexscreener, Jupiter, Pump.fun, Photon, and Etherscan.

Bubblemaps Major Partners
A Screenshot of Bubblemaps Major Partners. Image via official website.

Bubblemaps Rewards Top Users with V2 Airdrop and Leaderboard System

Bubblemaps conducted an exclusive airdrop to reward user engagement during the launch of its V2 platform. The campaign aimed to recognize the platform’s most active and loyal participants through a structured points-based system tied to both usage and referrals.

A private beta leaderboard was introduced to track user activity. Points were awarded for using Bubblemaps V2 features and referring new users who demonstrated genuine engagement. The leaderboard served as the foundation for determining airdrop eligibility.

BMT Bubblemap
BMT Bubblemap showing top 250 holders, captured on March 9, 2025. Image via Whitepaper.

The distribution model was designed to balance performance and fairness. The top 10 users received the highest allocation of tokens, while the top 100 earned a medium allocation. An additional 900 recipients were selected from the top 5,000 users via a lottery system.

Moonlight Holders Transition to $BMT via Secure Claim Portals

Bubblemaps announced the Moonlight Migration, which allowed holders of the older Moonlight token to transition into the new $BMT ecosystem. A snapshot was taken to determine eligible participants, and a detailed migration process followed.

MOONLIGHT migration
$MOONLIGHT migration page prompting users to connect their wallets. Image via Whitepaper.

The platform introduced user-friendly portals that allowed both Moonlight holders and V2 contributors to claim or migrate tokens seamlessly. These portals handled high user volume during the claim period while maintaining security, preventing abuse, and offering real-time support.

The interface ensured that users could check eligibility, verify snapshot status, and receive their allocations without manual intervention or gas-heavy processes.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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