How to read a token bubble map
What the bubbles and lines on a token bubble map mean, how to spot bundles and hidden whales, and which wallets to ignore.
The bubbles
Each bubble is one of the biggest holders, sized by how much of the supply it owns. Pools, burn addresses, exchanges and bridges are labelled, so they are not mistaken for people: an exchange wallet holds many users' tokens, not one whale's.
The lines
On DexGrade, a dashed line joins wallets that were funded by the same source, and a red line joins wallets that sent the token to each other. Connected wallets are often one person or team.
What to worry about
A cluster of connected wallets that together hold a large share of the supply is a bundle: they can sell at the same time and crash the price. Many brand-new wallets near the top is another warning. A healthy token has many separate holders with no big clusters.
Where to find it
Every token page on DexGrade has a bubble map under the analysis, with the share held by bundles shown underneath.