Blast

Token

BLAST

Arthur

<p>In a whirlwind of activity within the cryptocurrency market, Blast token (BLAST) has made waves with an impressive 20% surge since its highly anticipated launch. Initially priced at $0.02 per token, Blast <a href="https://ambient.finance/trade/pool/chain=0x13e31&amp;tokenA=0x0000000000000000000000000000000000000000&amp;tokenB=0xb1a5700fA2358173Fe465e6eA4Ff52E36e88E2ad" target="_blank" rel="noreferrer noopener nofollow">debuted</a> with a fully diluted value (FDV) soaring to $2 billion.&nbsp;</p> 
<p>However, the current trading scene sees BLAST trading at $0.02466, reflecting a robust 18% increase from its launch price.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfSBtEiC68W_gaOHCLEBgqTstT6hpqdQXqxuogRuLyBWdSADcEILCypqN2H9pN7DbHCmWBfnumDBtiZrjCXksm7l1WTiv_jmiBqfSlRSy5Ppxphc-PQYtWLxh1Fbdk6z7ttae-s5Cn11BULsbV9dWiF3hs?key=XuXuKIJsKvgVhVy25lGkEg" alt="AD 4nXfSBtEiC68W gaOHCLEBgqTstT6hpqdQXqxuogRuLyBWdSADcEILCypqN2H9pN7DbHCmWBfnumDBtiZrjCXksm7l1WTiv jmiBqfSlRSy5Ppxphc PQYtWLxh1Fbdk6z7ttae s5Cn11BULsbV9dWiF3hs?key=XuXuKIJsKvgVhVy25lGkEg">
  <figcaption class="wp-element-caption">
   Image Source: <a href="https://coinmarketcap.com/currencies/blast/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a> (Blast price pump in 24 hours)
  </figcaption>
 </figure>
</div> 
<p>This surge comes amidst contrasting fortunes for other recent token launches. Ethereum layer-2 network zkSync (ZK) and interoperability LayerZero (ZRO) have struggled, facing declines of 46% and 43% respectively post-launch. Blast’s resilience in this volatile landscape underscores its appeal and market reception.</p> 
<p>The token’s journey includes a notable 20% single-day price spike, pushing it to $0.025 and capturing significant attention within cryptocurrency trading circles. Market capitalization stands strong at $432.2 million, and 24-hour trading volume, is now valued at $682.38 million.</p> 
<p>Blast’s distribution strategy has also drawn interest. <a href="https://www.cryptotimes.io/2024/06/27/blast-distributes-17-supply-to-stakers-hits-3-billion-cap/" target="_blank" rel="noreferrer noopener">An airdrop released</a> 17% of its total supply, with rewards distributed to users bridging Ether to the Blast network and those contributing to decentralized applications (DApps). An additional 3% was allocated to the Blur Foundation for future community airdrops.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Wow BLAST is only trading at $2b FDV, given how the previous L2 been trading at launch I would have expected $5b FDV at least.<br><br>The days of highly anticipated infra projects trading at &gt; $20b FDV at launch are probably over.</p>— Arthur (@Arthur_0x) <a href="https://twitter.com/Arthur_0x/status/1805985187177906625?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 26, 2024</a>
  </blockquote> 
 </div>
</figure> 
<p>Despite some market commentators expressing surprise at Blast’s $2 billion FDV, expectations had initially aimed higher, around the $5 billion mark according to Arthur Cheong, co-founder of DeFiance Capital.&nbsp;</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/06/25/render-token-rndr-soars-13-amid-surging-trading-volume/" target="_blank" rel="noreferrer noopener">Render Token (RNDR) Soars 13% Amid Surge in Trading Volume</a></p> 
</blockquote>

Blast Token Soars 20%, Airdrop Hype Fuels $2 Billion FDV

The Crypto Times

المزيد من المقالات نُشرت في ٢٧ يونيو ٢٠٢٤

As the Launch of Ethereum ETFs Approaches, Inflows into Bitcoin ETFs Continued Today! Here are th...

Chainlink Broadens Service Offerings

Sui Blockchain Network Supports Smart Contracts

MBAG Raises $2.9M+ Top Crypto Presale with 88% APY Crushing Shibha Inu, Sealana

Donald Trump’s US Presidential Elections Win To Trigger Bull Run: Top 3 Altcoins To Buy Before Then

Analysing Price Trends and Market Implications as Ripple (XRP) Supply on Exchanges Hits Yearly Low

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.