Uncovering the Flow of HIVE: A Deep Dive into GLS Goals’ Wallet Activity
The blockchain world is full of mysteries, but one thing remains constant—transparency. Every transaction made on blockchains like Hive is recorded for anyone to explore. Recently, we took a closer look at @gls.goals wallet activity and uncovered some fascinating insights. With substantial amounts of HIVE flowing in and out, it's clear that this account has been flagged by Bilpcoin, a vigilant watchdog in the crypto space.
In this post, we’ll guide you through how to analyze these transactions yourself, break down what’s happening with @gls.goals, and share why exposing such activities matters. Let’s dive in!
How to Analyze Transactions Like a Pro
If you want to verify our findings or dig deeper into any Hive wallet, here’s a step-by-step guide:
Visit the Wallet Page: Head over to https://peakd.com/@gls.goals/wallet. This link will take you directly to the wallet page of @gls.goals.
Filter Incoming & Outgoing Transfers: On the right-hand side of the wallet page, you'll find filters. Click on "Incoming" and "Outgoing" under the transfers section. These tabs allow you to see all the HIVE moving in and out of the account.
Check Power-Up/Power-Down Operations: Under the operations tab, select "Power-Up" and "Power-Down." These actions show whether funds are being staked (locked) or unstaked (liquidated), giving you an even clearer picture of activity patterns.
Add Data to Your Spreadsheet: To keep track of everything systematically, create a spreadsheet with the following columns:
- Date
- Transaction Type (Incoming/Outgoing/Power-Up/Power-Down)
- Amount (in HIVE)
- Sender/Receiver Username
- Notes (e.g., purpose of transfer if mentioned)
By organizing the data this way, you can easily spot trends, anomalies, or suspicious behavior.
What Did We Find?
Our investigation revealed a significant amount of HIVE flowing in and out of @gls.goals' wallet. Here’s a snapshot of what caught our attention:
High-Volume Transactions: Large sums of HIVE were sent and received regularly, often exceeding tens of thousands of HIVE per transaction. For example:
- Sent to
mxchive: -70,000.000 HIVE - Received from
cryptoeater: +135,956.000 HIVE
- Sent to
Frequent Farming Rewards: Many incoming transactions were labeled as “farming rewards” or “profits,” suggesting involvement in yield farming schemes.
Flagged Activity: The sheer volume and frequency of these transactions raised red flags, prompting further scrutiny from Bilpcoin.
This level of activity isn’t inherently illegal, but when combined with other factors, it raises questions about transparency and intent.
Why Does This Matter?
Blockchain technology thrives on decentralization and trust. However, when accounts engage in high-volume transactions without clear explanations, it can erode confidence in the ecosystem. That’s where watchdogs like Bilpcoin come in—to shine a light on potential issues and hold actors accountable.
Unfortunately, attempts to expose the truth aren’t always welcomed. Our posts have faced relentless downvotes from users like @jacobtothe, who leave no comments or constructive feedback. But silencing dissent won’t stop us. After all, history has shown that hiding behind downvotes doesn’t change reality. Remember the BuildaWhale scam farm scandal? It was exposed despite similar tactics—and so will this.
Join the Movement
We believe in empowering the community to seek the truth. By visiting https://peakd.com/@gls.goals/wallet and analyzing the data yourself, you become part of the solution. Share your findings, ask questions, and help us build a more transparent blockchain ecosystem.
At Bilpcoin, our mission is simple: Expose the truth, not hide it. Together, we can ensure accountability and integrity within the Hive network.
Let us know how your analysis goes—we’d love to hear from you!
P.S. Don’t forget to bookmark this post and share it with others who care about transparency in crypto. The truth deserves to be heard!
Uncovering Suspicious Activity: Analyzing @adm's Transactions on the Hive Blockchain
The Hive blockchain is a decentralized platform that allows users to interact, transact, and engage in various activities such as staking (powering up), unstaking (powering down), and transferring funds. While most accounts operate transparently, some exhibit patterns of behavior that raise concerns. One such account is @adm, whose transaction history reveals several red flags. In this post, we’ll analyze the transactions for transparency, and explain how you can investigate further.
How to View @adm’s Transactions
To explore the transactions yourself, follow these steps:
- Visit @adm’s wallet page.
- On the right-hand side, locate the filters section.
- Click on the transfers filter to view outgoing transactions.
- For additional insights, toggle the powerup/powerdown tab to see staking and unstaking activity.
This process will allow you to scrutinize all outgoing transactions and identify suspicious patterns.
Key Observations from @adm’s Transactions
Upon reviewing the data, several concerning trends emerged:
1. **Large Power Downs **
- The account frequently performs large power downs (unstaking HIVE Power) while occasionally making small power ups. This tactic appears to be an attempt to mask the scale of withdrawals.
- Example:
- May 19, 2021: Started a power down of 1,047,025.900 HP.
2. Frequent Withdrawals to Specific Accounts
- A significant number of transactions involve withdrawing vesting shares (VESTS) or HIVE to specific accounts like @abit. These repetitive transfers suggest a coordinated effort to move funds off the platform.
- Example:
3. Downvoting Good Content Creators
- Beyond financial transactions, @adm has been flagged for downvoting high-quality content creators. This behavior undermines the community-driven ethos of the Hive blockchain and harms creators who rely on engagement and rewards.
4. Flagged as Suspicious Activity
- The combination of large power downs, frequent outgoing transfers, and attempts to obscure activity through small power ups has led to this account being flagged as suspicious. Similar patterns have been observed in other accounts involved in unethical practices.
Transaction Spreadsheet
Below is a summary of key transactions extracted from the provided data. You can download the full spreadsheet here for further analysis.
| Date | Action | Amount | To/From | Notes |
|---|---|---|---|---|
| Dec 9, 2024 | Withdraw Vesting | 55450.578 HIVE | @abit | Large outgoing transfer |
| Dec 9, 2024 | Withdraw Vesting | 55420.891 HIVE | @abit | Repetitive withdrawal |
| May 19, 2021 | Start Power Down | 1,047,025.900 HP | N/A | Significant power down |
| Jun 2, 2021 | Power Up | 38843504.247334 VESTS | N/A | Small power up post-down |
| Nov 16, 2021 | Sent | -1,577.798 HIVE | @abit | Negative balance transfer |
| Jul 25, 2016 | Sent | -32,000.000 HBD | @abit | Early-stage suspicious tx |
Note: All amounts are approximate and based on the provided dataset.
Why This Matters
Understanding these patterns is crucial for maintaining the integrity of the Hive ecosystem. By identifying and reporting suspicious accounts, the community can ensure fair play and protect honest participants.
If you notice similar behaviors in other accounts, consider:
- Reporting them to the Hive community moderators.
- Sharing your findings with trusted investigators.
- Engaging in discussions to raise awareness about unethical practices.
Conclusion
The transactions of @adm reveal a troubling pattern of large withdrawals, small cover-up actions, and negative community impact through downvotes. By providing step-by-step instructions for viewing wallet activity, we aim to empower users to conduct their own investigations. Together, we can uphold the values of transparency and fairness that make the Hive blockchain thrive.
For more details, visit @adm’s wallet page and apply the filters mentioned above.
Investigating Suspicious Transactions on the @ericwilson Hive Wallet
The blockchain world is known for its transparency, but that doesn't mean all activities are above board. Recently, we took a closer look at the @ericwilson wallet on the Hive blockchain and uncovered some suspicious patterns of transactions. This post will delve into these findings, provide an organized spreadsheet of the transactions, and explain how you can investigate further using tools like PeakD.
Why These Transactions Raise Red Flags
After analyzing the outgoing transfers and power-down activities from the @ericwilson account, several red flags emerged:
- Large Withdrawals: Consistent withdrawals from vesting balances (power downs) in significant amounts.
- Small Power-Ups: Small "power-up" transactions interspersed with large power-downs, potentially to mask the overall downward trend.
- Frequent Exchanges: Multiple outgoing transfers to exchange platforms such as
exchangeme,bittrex, and others. - Unusual Activity Patterns: The combination of frequent power downs, small power-ups, and outgoing transfers suggests an attempt to liquidate holdings while maintaining a facade of normalcy.
These behaviors align with tactics often seen in accounts flagged for suspicious activity on the Hive blockchain.
How to View All Transactions for @ericwilson
To view all transactions related to this investigation, follow these steps:
- Go to PeakD's Wallet Page for @ericwilson.
- On the right-hand side, locate the Filters section.
- Under Transfers, click the Outgoing button tab. This will display all outgoing transactions.
- For additional insights, toggle between other filter options like Power Up/Power Down tabs to see both types of activities.
- Use these filters to analyze trends over time and identify any irregularities.
This method allows anyone to independently verify the data presented here and conduct their own investigations.
Spreadsheet of Key Transactions
Below is a summary of key transactions extracted from the @ericwilson wallet. These have been organized into a spreadsheet format for clarity:
| Date | Transaction Type | Amount (HIVE/HBD) | Destination/Action | Notes |
|---|---|---|---|---|
| Nov 24, 2024 | Sent | -356.598 HIVE | exchangeme | Large transfer to exchange |
| Nov 19, 2024 | Withdraw from Vesting | 44.571 HIVE | N/A | Regular power-down |
| Nov 12, 2024 | Withdraw from Vesting | 44.545 HIVE | N/A | Regular power-down |
| Oct 22, 2024 | Withdraw from Vesting | 44.438 HIVE | N/A | Regular power-down |
| Sep 25, 2024 | Withdraw from Vesting | 44.358 HIVE | N/A | Regular power-down |
| Sep 24, 2024 | Sent | -1,000.000 HIVE | exchangeme | Massive transfer to exchange |
| Aug 27, 2024 | Started Power Down | 584.033 HP | N/A | Initiated large-scale power down |
| Jul 31, 2024 | Sent | -100.179 HBD | keychain.swap | Transfer to swap service |
| Mar 25, 2024 | Sent | -510.000 HIVE | swap2020 | Large transfer to decentralized exchange |
| May 20, 2023 | Sent | -10.000 HIVE | honey-swap | Frequent use of swaps |
| Apr 30, 2023 | Powered Up | +2.500 HP | N/A | Small power-up amidst larger power-downs |
| Feb 18, 2023 | Sent | -220.000 HIVE | bittrex | Significant withdrawal to centralized exchange |
| Jan 13, 2023 | Sent | -120.000 HIVE | honey-swap | Continued reliance on swaps |
| Jul 22, 2022 | Started Power Down | 3,334.541 HP | N/A | Major power-down event |
Observations and Analysis
Power-Down Strategy: The account initiated multiple power-down events, withdrawing substantial amounts weekly. However, it also made occasional small power-ups, possibly to create the illusion of continued investment or engagement.
Exchange Transfers: A notable number of transfers were directed toward exchanges (
exchangeme,bittrex, etc.), indicating a potential effort to convert HIVE into fiat or another cryptocurrency.Decentralized Swaps: The frequent use of decentralized swap services like
honey-swapandhivepeggedsuggests attempts to obfuscate the flow of funds.Timing of Actions: Many large transfers coincided with periods of increased market activity or price volatility, which could indicate strategic timing to maximize returns.
Conclusion: What Does This Mean?
While blockchain transactions are inherently transparent, they can still be manipulated to obscure intent. In the case of @ericwilson, the combination of large power-downs, frequent exchange transfers, and sporadic small power-ups raises concerns about the legitimacy of these activities.
For those interested in diving deeper, we encourage you to explore the wallet history yourself using the provided link and instructions. Transparency is one of blockchain's greatest strengths—use it wisely!
If you notice similar patterns on other accounts, consider reporting them to relevant authorities or communities within the Hive ecosystem. Together, we can ensure the integrity of our shared financial systems.
Analyzing @buildawhale's Hive Transactions and Power Delegations
Introduction
In the decentralized world of blockchain, transparency is key. Today, we’re diving deep into the wallet activity of @buildawhale, a prominent account on the Hive blockchain. By analyzing its transactions and power delegations, we aim to uncover patterns that may indicate how this account operates. This post will guide you through the process of adding these transactions to a spreadsheet for better analysis while shedding light on the role of Hive Power (HP) in governance, voting, and rewards.
Key Observations from @buildawhale’s Wallet Activity
Withdraw Vesting Transactions
- Over time, @buildawhale has consistently withdrawn vesting shares (converted into HIVE) to another account, @ipromote.
- These withdrawals occur weekly or bi-weekly, with amounts ranging from ~5000 HIVE to ~16000 HIVE.
- Example:
- Oct 29, 2024: Withdraw vesting from @buildawhale to @ipromote → 4510.472 HIVE
- Nov 13, 2024: Started power down → 66,216.338 HP
Power Down Events
- The account frequently initiates "power downs," converting staked Hive Power (HP) into liquid HIVE over a 13-week period.
- However, there are instances where the power-down process is stopped abruptly, suggesting strategic management of funds.
Delegated Hive Power
- @buildawhale receives significant HP delegations totaling 2,340,238 HP, primarily from:
- @blocktrades: ~2,340,167 HP (since Aug 16, 2020)
- @nwjordan: ~24 HP (since May 27, 2018)
- @gillianlienmap: ~23 HP (since Aug 18, 2020)
- @buildawhale receives significant HP delegations totaling 2,340,238 HP, primarily from:
Outgoing Transfers
- Filtering the wallet page by “outgoing transfers” reveals numerous transactions directed toward @ipromote.
- Additionally, small amounts of HIVE (~0.100–0.500 HIVE) are sent intermittently, possibly as fees or operational costs.
Behavioral Patterns
- A large portion of the delegated HP appears to be used for farming purposes, such as making spam burn comments and self-voting.
- Such activities raise questions about whether this setup is legitimate or part of a larger scheme aimed at exploiting the Hive ecosystem.
Step-by-Step Guide to Analyze Transactions Using a Spreadsheet
To systematically analyze @buildawhale’s transactions, follow these steps:
Create Columns in Your Spreadsheet
- Date: Record the timestamp of each transaction.
- Type: Categorize the transaction (e.g., withdraw vesting, power down, delegation).
- From Account: Source of the transaction (@buildawhale).
- To Account: Destination of the transaction (e.g., @ipromote).
- Amount (HIVE/HP): Value transferred in HIVE or Hive Power.
- Notes: Add any relevant observations (e.g., purpose of transfer).
Filter Data for Clarity
- Use filters to isolate specific types of transactions, such as “withdraw vesting” or “power down.”
- Highlight unusual patterns, like sudden spikes in outgoing HIVE.
Visualize Trends
- Create charts to visualize trends over time, such as monthly withdrawal totals or cumulative HP delegations.
Cross-Reference Findings
- Compare your data with other accounts involved (e.g., @ipromote) to identify correlations or dependencies.
Insights from the Analysis
- High Volume of Outgoing Funds: The consistent flow of HIVE to @ipromote suggests a structured operation, potentially linked to profit extraction.
- Large Delegations Leveraged for Farming: With over 2.3 million HP delegated, @buildawhale wields substantial influence within the Hive ecosystem. However, using this power for spam-like activities undermines community trust.
- Potential Scam Indicators:
- Frequent power downs followed by immediate restarts.
- Self-voting and repetitive commenting behavior.
- Lack of transparency regarding the destination and use of funds.
Why Hive Power Matters
- Governance & Voting: Staked HP gives users voting power in proposals and witness elections, shaping the future of the Hive blockchain.
- Rewards Mechanism: Holding HP increases earning potential through curation rewards and inflationary payouts (~12.96% APR).
- Ecosystem Health: Misuse of HP, especially via spam tactics, can harm the network’s integrity and user experience.
Conclusion
By examining @buildawhale’s wallet activity, we’ve uncovered a complex web of transactions and delegations that warrant closer scrutiny. While the account benefits from massive HP delegations, its actions suggest questionable practices that could exploit the Hive ecosystem. Transparency and accountability remain crucial for maintaining trust in decentralized platforms.
We encourage readers to explore the provided link (@buildawhale’s wallet) and conduct their own investigations. Together, we can ensure the Hive blockchain remains a fair and thriving environment for all participants.
Call to Action
What are your thoughts? Have you discovered similar patterns in other accounts? Share your findings in the comments below! Let’s work together to promote transparency and expose unethical practices in the blockchain space.
Bilpcoin is committed to uncovering the truth—not hiding it.