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Recently, a popular project claiming to be "completely decentralized" has attracted market attention. However, through on-chain data analysis by Bubblemaps, we have revealed the truth behind this project:
1. The top 5 addresses control 71% of the assets, indicating a high degree of Decentralization.
2. Three seemingly independent "retail" wallets are actually controlled by the same large holder.
3. The project team secretly reserved 30% of the shares, but did not disclose it to the public.
These hidden facts ultimately led to the project plummeting by 86% within 24 hours, causing significant losses for investors.
In this trap-filled crypto market, Bubblemaps is becoming an essential tool for investors. It offers the following key features:
- Real-time monitoring of related transactions among internal personnel
- Incentivize users to participate through a crowdsourced survey model and earn BMT token rewards.
- Intuitively display the concentration of project holdings, deeply revealing potential risks
As the bull market approaches, scams often emerge in large numbers. On-chain data never lies; it is our most reliable basis for identifying risks. Investors should make full use of tools like Bubblemaps to conduct comprehensive on-chain analysis before making investment decisions.
Remember, in the world of cryptocurrency, information is power. Staying informed about the true state of projects may be key to protecting your assets. Let us work together to build a more transparent and secure crypto ecosystem.