Bubblemaps Urges Launchpads to Audit Top Traders Over Hidden Wallets

Bubblemaps urged crypto launchpads Friday to audit top traders and ban repeat offenders, arguing that platform rewards can help influencers profit from followers while concealing trades in separate wallets.

In a Nov. 6 post, Bubblemaps said leaderboards, affiliate links and token-callout rewards can encourage traders to monetize their audiences while using side wallets. The firm wrote, “Side wallets have become a business model,” and called on platforms to “Audit the top traders. Expose their side wallets. Ban repeat offenders.”

Bubblemaps uses “side wallets” to describe addresses it says are connected to a trader but separate from the wallet shown publicly. The firm also said it plans to expose another prominent figure but did not name the person or provide wallet details tied to the new allegation.

The appeal followed Bubblemaps’ Nov. 5 investigation into four influencers, whose findings it described as analysis and estimates. The firm’s claims have included allegations about wallets linked to Solstice. The Nov. 6 post named no launchpad and reported no platform adoption of the proposed audits or bans.