Bubblemaps has jumped 40%, fueled by the excitement surrounding a possible listing on Binance spot and a recent addition to OKXFUN.
As of March 17, Bubblemaps (BMT) has experienced a remarkable 40% increase within a span of 24 hours, with trading volume soaring to $51 million—an impressive rise of 188%. The majority of this upward movement occurred in the last few hours, as the price climbed from approximately $0.085 to $0.14. However, it has since adjusted to $0.13 at the time of writing, based on data from CoinMarketCap.
This recent spike comes after a notable decline immediately following the token’s launch, largely attributed to profit-taking by airdrop recipients. The price reached an all-time high of $0.1684 on March 11 before dropping to a low of $0.0714 on March 12, followed by a phase of stabilization between $0.09 and $0.11.
The primary driver behind this price increase appears to be the growing anticipation regarding a potential listing on Binance spot, spurred by the hosting of BMT’s token generation on Binance Wallet. Furthermore, OKXFUN has recently added BMT for trading with 5X leverage.
The airdrop is currently active, allowing eligible users to claim their tokens via the BMT claim portal. However, with prices climbing and trading volumes increasing, it seems that many recipients are opting to retain their BMT tokens rather than sell.
Bubblemaps has been functioning as an on-chain data visualization tool for the cryptocurrency community, launching its native token BMT on the Solana (SOL) blockchain on March 11, with a capped supply of 1 billion. BMT is intended as a utility token within the platform, providing users access to exclusive features not available in the free version.
On November 13, Bubblemaps unveiled Bubblemaps V2 Beta, which introduced a variety of new functionalities, including access to comprehensive historical token distribution data, cross-chain data visualization, profit/loss tracking for addresses and clusters, and much more.
In addition to serving as an on-chain visualization platform, BMT is utilized on Bubblemaps’ community-driven investigative platform IntelDesk, allowing users to submit cases for investigation, vote on the cases, and allocate resources for on-chain investigations.
IntelDesk has previously exposed several notable instances of insider trading and market manipulation, including the recent launch of the WOLF meme coin by Hayden Davis. Bubblemaps investigators have also traced connections between the LIBRA and MELANIA coins.