Crypto:
30445
Bitcoin:
$62.801
% 2.27
BTC Dominance:
%53.4
% 0.12
Market Cap:
$2.29 T
% 1.42
Fear & Greed:
47 / 100
Bitcoin:
$ 62.801
BTC Dominance:
% 53.4
Market Cap:
$2.29 T

Blast Price Surges 40% After Launch, Attracting Scammers

Blast

According to data from Ambient Finance and Aevo, BLAST debuted at $0.02 per token and reached a fully diluted valuation (FDV) of $2 billion upon launch.

BLAST’s price has since increased by over 40%, reaching $0.0281 at the time of writing, according to CoinMarketCap data.

This comes in contrast to recent high-profile token launches, including those from Ethereum layer-2 networks zkSync (ZK) and LayerZero (ZRO). Both tokens have seen their prices fall by 46% and 43%, respectively, since their launches.

The airdrop accounted for 17% of BLAST’s total supply, with 7% going to users who bridged Ether to the network.

An additional 7% was allocated to users who contributed to decentralized applications (DApps) on the network, while 3% went to the Blur Foundation for future airdrops.

Blast airdrop becomes a target for scammers

Like other notable airdrops this year, Blast’s airdrop event has also attracted the attention of many scammers.

Scammers often target hyped-up airdrops because airdrops typically require crypto users to connect their wallets and sign transactions to claim their allocated tokens.

Cryptocurrency security service Scam Sniffer has identified a user who fell victim to a Blast airdrop scam and lost over $217,000 after signing multiple phishing signatures.

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