BMT has surged for the second day in a row as it prepares for its listing on South Korean exchange Bithumb today, following its recent debut on Binance Futures.
Bubblemaps (BMT) reached a peak of $0.22 on March 18 during Morning Asian hours, reflecting a 125% increase within a single day and over 200% growth from its week’s low of $0.073. The altcoin’s market capitalization is now at $54.1 million, and its daily trading volume has shot up by 260%, approaching $107 million.
The altcoin’s upswing is attributed to Bithumb, a leading cryptocurrency exchange in South Korea, who announced the introduction of a KRW trading pair for the BMT token at 4:00 PM KST on Tuesday, March 18, 2025. Deposits and withdrawals are expected to be available within two hours of the announcement, specifically on the Solana network.
Bubblemaps will debut with a pricing of 211 yen, and traders will need to wait for 20 deposit confirmations before they can execute transactions.
Bithumb has implemented certain temporary regulations for the launch. In the first five minutes, buyers are restricted from placing orders while sellers can only set prices between -10% and +100% of the base price. Additionally, automated trading won’t commence until the first trade occurs.
BMT’s rise can also be attributed to the buzz surrounding its recent listing on Binance Futures yesterday, which followed its token generation event on March 11 via Binance Wallet. To add to this, OKXFUN has also started offering BMT trading with 5X leverage.
The airdrop is currently active, allowing eligible users to claim their tokens through the BMT claim portal. However, with prices rising and trading volume increasing, it appears that many claimants are opting to hold onto their BMT tokens rather than sell.
When examining community sentiment on X, it was predominantly positive, with many anticipating that the rally will persist. See below.
What exactly is Bubblemaps?
Bubblemaps, a well-regarded crypto data platform, introduced its token, BMT, on the Solana blockchain on March 11. There is a total supply of 1 billion BMT, which functions as a utility token, granting users access to premium features unavailable in the free version.
In November of last year, Bubblemaps enhanced its offerings with the introduction of Bubblemaps V2 Beta, which included several updates such as comprehensive historical data on token distribution, cross-chain visualizations, and tools that allow users to monitor profit and loss for specific wallets and clusters.
BMT also plays a significant role in IntelDesk, Bubblemaps’ investigative platform that enables the community to explore blockchain activity. Users can propose cases for investigation, vote on which should take priority, and assist in directing on-chain research efforts.