The token for Bubblemaps, known as BMT crypto, has surged nearly 30% after its launch on Binance. Just a day earlier, it achieved a new all-time high.
As per data from an analytics platform, the BubbleMaps token experienced a 28.8% increase merely a day post its Binance listing. Less than 24 hours ago, the token made significant gains of nearly 45%, reaching an impressive new peak of $0.3173.
At the time of writing, the token is trading at $0.24, boasting a market capitalization of $62 million. Additionally, the fully diluted valuation of BMT crypto stands at $242 million.
According to an official announcement, Binance listed BMT crypto on March 18 at 15:00 UTC, enabling trading for BMT against several major tokens, including USDT, USDC, BNB, FDUSD, and TRY. However, the exchange has alerted users that it will apply a seed tag, given that the token is relatively new to the market.
Despite being listed on the exchange just yesterday, Binance has already emerged as the leading platform for Bubblemaps trading, accounting for the largest share of the token’s trading volume at 23.47%. In the last 24 hours, Binance has processed around $131 million worth of BMT crypto.
Moreover, Bubblemaps’ overall trading volume skyrocketed by 442.8%, totaling $562 million over the last 24 hours, indicating a notable surge in market activity since its Binance launch.
Launched on March 11, BMT serves as the native token for Bubblemaps, an on-chain analytics platform that offers users data visualization for blockchain analytics and NFT ownership analysis. BMT acts as a governance utility token, providing holders with access to advanced analytical features on the platform.
During the token generation event for BMT, Bubblemaps garnered an extraordinary amount of subscriptions, totaling around 202,990 BNB, which is an impressive 13,500% over the project’s initial goal.
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are intended for educational purposes only.