Bubblemaps’s BMT Token Surges by Nearly 30% After Binance Listing

Bubblemaps' cryptocurrency, BMT, has surged nearly 30% after its debut on the Binance exchange, achieving an impressive all-time high just a day earlier.

Cryptocurrency prices often display rapid and significant fluctuations, and the recent surge in Bubblemaps’ (BMT) token value on Binance is a testament to this volatility.

Following its debut on 18th March, Bubblemaps’ cryptocurrency, BMT, has surged nearly 30% after its debut on the Binance exchange, achieving an impressive all-time high just a day earlier. According to CoinGecko, BMT climbed by 28.8% less than 24 hours post-listing, reaching a peak of $0.3173 after a near 45% increase.

As of now, BMT is trading at $0.24, reflecting a market capitalisation of $62 million, while its fully diluted valuation stands at $242 million. Binance announced the listing of BMT on 18 March at 15:00 UTC, facilitating trading pairs that include major cryptocurrencies such as USDT, USDC, BNB, and FDUSD. However, the exchange cautioned users about the token’s nascent status and plans to apply a seed tag.

Since its Binance listing, BMT has seen substantial activity, with the exchange capturing 23.47% of the token’s trading volume, amounting to approximately $131 million processed in the past 24 hours. Notably, Bubblemaps’ overall trading volume surged by an astonishing 442.8% to a total of $562 million within the same timeframe.

Launched on 11th March, BMT serves as the native token for Bubblemaps, an on-chain analytics platform designed for blockchain data visualisation related to token analytics and NFT ownership. BMT functions as a governance utility token, enabling holders to access advanced features on the platform.

During the token generation event, Bubblemaps garnered considerable interest, with subscriptions reaching around 202,990 BNB, which is an extraordinary 13,500% above the initial target.