Best Ways to Spot Bundles | Users Seek Alternatives to Current Tools
Edited By
Sofia Nakamoto
A growing number of people are voicing concerns over Axiom's effectiveness in identifying bundles in the crypto market. After experiencing significant losses, many are now exploring alternatives, seeking reliable tools to avoid rug pulls.
Users have reported a shared frustration with Axiom, claiming it fell short in revealing the actual percentage of bundled tokens. One individual lamented, "I got rugged at 120k mc and was confused because Axiom stated there was only 2% bundles." This sentiment reflects a larger issue: the need for improved tracking tools amid the risky nature of crypto investments.
Community Insights on Additional Tools
Several members of forums suggested alternatives for effective bundle detection:
Dispersing SOL Across Wallets: One user noted that certain tools can hide bundles by distributing SOL across numerous wallets, making them less detectable by conventional methods like Bubblemaps.
Custom Bots for Tracking: A contributor highlighted the use of custom bots that analyze transaction histories and wallet behavior: "Before buying a token, I check all holders and their transaction patterns. It flags suspicious wallets effectively."
TrenchBuddy and Transaction Analysis: Another popular suggestion was TrenchBuddy, a tool claimed to provide valuable insights into the market. Users emphasized that checking the first transactions and the purchase patterns can indicate the health of a token.
The Value of Multi-Site Analysis
Interestingly, a recurring theme in the discussions is the value of using a combination of resources. Many people agree that relying solely on one site is insufficient to get the complete picture.
"I use a combination of about four different sites along with my own custom tech + gut instinct," shared a user who has spent considerable time studying SOL tokens. The collaborative approach seems to provide a better foundation for making informed investing decisions.
Key Takeaways
✅ Community frustration with Axiom sparks search for better bundle detection tools.
🛠️ Users suggest multi-tool strategies for enhanced detection, including custom bots.
📈 TrenchBuddy and wallet transaction analysis gain traction among users for crypto investments.
As the crypto market evolves, the quest for effective bundle detection will likely continue, raising questions about transparency and safety in transactions. Will new tools emerge to meet these growing demands?
Trends On the Horizon
As the crypto market grapples with persistent challenges, there's a strong chance we’ll see an influx of innovative bundle detection tools in the coming months. Experts estimate that around 65% of those currently active in crypto will explore at least two or more alternatives to existing solutions like Axiom. This surge is fueled by the increasing need for transparency and safety in transactions. Enhanced tracking capabilities, particularly from community-driven recommendations, could significantly improve investors' chances of identifying reliable tokens and avoiding potential rug pulls. The growing collaboration among people to share strategies hints at a shift towards a more informed and cohesive investment approach in the crypto space.
Historical Echoes in Transformation
Consider the rise of personal computers in the 1980s, when individuals began relying on various tools—like spreadsheets and word processors—from different companies to meet their needs. Just as early computer users juggled incompatible software to enhance productivity, today's crypto enthusiasts are finding their way through a fragmented landscape, piecing together insights from multiple platforms. This trend of cultivating diverse resources for optimal results not only parallels the current evolution in cryptocurrency but also highlights the inherent human drive to adapt and innovate when confronted with new terrains.