How to Read a Crypto Bubble Map (Holders, Whales and Clusters)
4 min read · Updated
A bubble map shows a token’s biggest holders as circles: the bigger the circle, the bigger that wallet’s share. It is the fastest way to see whether a token is owned by many people or a few. Here is how to read one.
Ignore the bubbles that aren’t people
The CoinsWavez map colours these differently and leaves them out of the “top 10 wallets” number.
- Liquidity pools (the DEX pair)
- Exchange wallets holding for their users
- Locker contracts (tokens locked until a date)
- Burn addresses (tokens destroyed forever)
Then look at the biggest real wallets
One wallet above 10% can crash the price on its own. If the top 10 real wallets hold more than 30–50% together, the supply is concentrated. A well-spread token has no single wallet above a few percent.
Watch for clusters
Several medium bubbles can belong to the same person. When top holders were funded by the same wallet, they are likely one owner. CoinsWavez checks this automatically and shows a bundled-supply warning.
Tap for details
Tap any bubble to see the wallet address, what kind of holder it is and links to its history. A whale that also holds many other new tokens is probably a sniper who sells fast.