Big Transfers, Bigger Questions

Headlines tell one story. On-chain data tells another. Here are the movements, clusters, and supply events that caught our attention lately.

But first, let's take a moment to look back at 2025, one of our favorite years.

Let's re-live some of it, shall we? ⬇️

ParaFi sent ~$30M $AAVE to Coinbase

In the last weeks, headlines were made around the fight between Aave and Aave DAO about IP, code, and brand.

In the midst of this crisis, ParaFi Capital sent ~$30M to Coinbase, that's 1% of the supply.

It's unclear if this was done due to the recent governance drama or loss of confidence.

The conflict has since cleared up after the governance vote ended in rejection. The $AAVE price has risen since, along with revenue sharing announcement.

Expert Trader or Insider?

We found a wallet that turned $60k into $2,500,000

And was the largest buyer BEFORE the $WhiteWhale CTO

Top 2025 Airdrop Bubbles

A few days back, $LIT went live with a $275M airdrop. One of 2025's biggest airdrops, 25% of total supply. $30M was withdrawn from Lighter on that day, which is below average for a launch day.

Below is the bubble map on the day of launch to see the airdrop and CEX clusters:

Heavily Bundled Promotion

Once again, we witnessed WhaleInsider promote a bundled memecoin to his 600k X followers.

Just before launch, 68 wallets were funded via ChangeNow

The wallets:
- had no prior on-chain activity
- were funded within tight time windows
- received similar amounts of ETH
- sniped $ATLAS

They now hold 47% of the supply worth $1M

Want to dig deeper? Explore the full maps and wallet clusters directly on Bubblemaps.


Stay bubbly,
Team Bubblemaps