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> 
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  <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">
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   Image Source: <a href="https://coinmarketcap.com/currencies/blast/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a> (Blast price pump in 24 hours)
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<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> 
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  <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>
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<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

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