Bubblemaps

Bubblemaps is an onchain analytics platform that shows a token's largest holders as an interactive map of bubbles and links, so traders and investigators can see at a glance whether supply is concentrated in connected wallets. It began as a supply-auditing tool and now runs across more than a dozen chains, including Solana. Around the tool, the team runs an investigations arm and a community research hub, the Intel Desk. Both are tied to the project's BMT token, which is issued on Solana.

How the bubble map works

The official documentation sets out the core model:

• Bubbles stand for the top 250 holders of a token. The bigger the bubble, the more of the supply that wallet holds. Contract and exchange addresses are hidden by default so the map shows holders rather than infrastructure, but users can switch them back on.
• Links between bubbles mean the two wallets have transferred funds to each other onchain. The transfers can involve any token, and in some cases cross-chain transfers. An IN/OUT panel lists the transfers behind each link, and users can filter by token or by dollar value.
• Clusters form when linked wallets group together. Bubblemaps is explicit that a cluster is not proof of wrongdoing, since payroll wallets or VC distributions produce clusters too. The map raises the question of why the wallets are connected; it does not answer it.

Maps refresh within six hours, and each map shows when it was last computed.

Key features

Magic Nodes. Some wallets are connected only through intermediaries that hold none of the token themselves. Magic Nodes add these intermediary addresses to the map, drawn with dotted borders, which can expose clusters the default view misses.

Time Travel. Users can rewind a map to any point in a token's history, either from the price chart or with a date picker. The main use is to compare the launch-day distribution, when allocations to insiders, market makers and influencers usually happen, with the current one.

Bubblemaps Score. The score rates how decentralized a token's supply is on a scale of 0 to 100. It looks at the top 250 holders, excluding exchanges and contracts, and lowers the rating when clusters are large or when holdings are very uneven. The documentation notes one limit: the score only reflects the clusters Bubblemaps actually detects.

Swap. An integrated swap lets users trade the token they are looking at without leaving its map. On Solana, users can pay with SOL or USDC, and the settings panel shows a platform fee.

Labels. Bubblemaps says it maintains more than one billion address labels. Projects can submit their own labels for treasuries, reward distributors and similar wallets. In September 2026 the team relabeled a Solana token's reward-distributor wallet after its developers explained that the wallet had caused a misleading cluster. Bubblemaps used the case to repeat that a cluster "does NOT mean a scam."

Filtered feed. In mid-September 2026 Bubblemaps launched a feed of new tokens with the tagline "Filter garbage. Find runners." According to HackerNoon's coverage, the feed screens out new launches that show bundle or cluster signals.

Free and premium access

Bubblemaps V2 is free to use, including Magic Nodes, Time Travel and real-time data. Holding BMT unlocks premium features: profit-and-loss calculation, cross-chain analytics, AI-generated cluster explanations, and maps of the top 1,000 holders instead of 250.

Supported chains and integrations

The website lists 15 supported networks. These include Solana, Ethereum, BNB Chain, Polygon, Avalanche, Base, Arbitrum, Aptos, TON, Tron, Sonic, Monad, HyperEVM, Robinhood's chain and Arc. Bubblemaps added Arc on 16 September 2026.

Other platforms can embed the maps with an iframe. The integration page lists DEX Screener, Pump.fun, Photon and Etherscan as integrators. In a DL News interview, CEO Nicolas Vaiman also named CoinGecko and Binance as partners. On Solana, Bubblemaps shows .sol domain names through Solana Name Service (SNS) SNS$0.00080+2.6% and updated that integration for the SNS ".sol Upgrade" in September 2026.

Intel Desk

The Intel Desk is a community platform for investigations into incidents such as hacks and suspicious token launches. Each case gets its own page that collects findings posted by researchers on X. Two things decide a contributor's rank: community votes, which set a multiplier for each case, and scores for how much each featured post moved the case forward.

BMT is used on the Intel Desk to vote on cases, which raises their multipliers and the rewards for contributors. Anyone can also use BMT to fund a bounty for a specific investigation, and holders get extras such as AI-generated case summaries.

Investigations

Investigations are a major part of Bubblemaps' public profile. Its documentation and interviews cite work on insider activity in NEIRO, celebrity tokens including those launched by Iggy Azalea, Andrew Tate and Davido, the TRUMP and MELANIA tokens, and how much of Uniswap's governance a16z controls. In September 2026, the firm published an analysis of 19 connected Polymarket accounts with a 98% win rate on markets about KPMG-audited companies. The Wall Street Journal reported the findings as an exclusive. The company says it also works with tech companies and government agencies.

BMT token

BMT launched on 11 March 2025 on Solana and BNB Chain, with a total supply of 1 billion. The Solana mint is FQgtfugBdpFN7PZ6NdPrZpVLDBrPGxXesi4gVu3vErhY (BMT). According to the tokenomics page, the supply is split as follows:

• Ecosystem: 21.3%
• Airdrop: 22.17%
• Investors: 19.35%
• Liquidity: 12.18%
• Team: 9%
• Protocol R&D: 6%
• Binance programs (IDO, HODLer airdrop and marketing): 10% combined

All tokens unlock in full four years after listing.

Decrypt reported that the launch drew criticism because the deployer wallet appeared to control most of the supply. Critics saw this as awkward for a company known for flagging concentrated supply. Bubblemaps said the tokens would move gradually into vesting contracts.

Background

The team page says Bubblemaps was founded by three crypto enthusiasts in Europe and raised $3M in equity funding in 2023. Nicolas Vaiman is co-founder and CEO. The company started out behind Moonlight, a BNB Chain token launched in 2021 that gave premium access to Bubblemaps V1 alongside other trading tools. As the bubble map took off, the team narrowed its focus and rebranded as Bubblemaps in 2022. Moonlight holders were later offered a migration into BMT. The team says most of its revenue comes from B2B work, mainly iframe integrations and investigation services.