Bubblemaps is up 40%, buyoed by potential listing on Binance spot and recent listing on OKXFUN.
As of Mar. 17, Bubblemaps (BMT) has surged 40% in the past 24 hours, with its trading volume reaching $51 million—an increase of 188%. Most of this rally occurred in the last few hours, with the price rising from around $0.085 to $0.14. However, it has since retraced to $0.13 at the time of writing, according to CoinMarketCap.
Today’s surge follows a steep drop right after the token launch, likely driven by profit-taking from airdrop claimants. The price hit an all-time high of $0.1684 on Mar. 11 and a low of $0.0714 on Mar. 12, followed by a period of consolidation between $0.09 and $0.11.”
The main catalyst for this price surge seems to be the mounting excitement about the potential listing on Binance spot, sparked by BMT’s token generation being hosted on Binance Wallet. Additionally, OKXFUN just added BMT for trading with 5X leverage.
The airdrop is now live, allowing eligible users to claim their tokens through the BMT claim portal. However, with the price surging and trading volume rising, it appears that many claimants are choosing to hold onto their BMT tokens rather than sell.
Bubblemaps, which has been operating as an on-chain data visualization tool for the crypto community, launched its native token BMT on the Solana (SOL) blockchain on Mar. 11, with a total supply of 1 billion. BMT serves as a utility token on the platform, granting users access to exclusive features that aren’t available on the free version.
On Nov. 13, Bubblemaps released Bubblemaps V2 Beta, introducing a range of new features, including access to complete historical data of a token’s distribution, cross-chain data visualization, profit/loss tracking for addresses and clusters, and more.
In addition to Bubblemaps on-chain visualization platform, BMT is used on the Bubblemaps’ community-driven investigative platform IntelDesk, enabling users to submit cases they want investigated, vote on the cases, and allocate the on-chain sleuthing resources.
IntelDesk had previously uncovered several high-profile insider trading and market manipulation cases, including the recent launch of WOLF meme coin by Hayden Davis. Bubblemaps sleuths also traced the connection between LIBRA and MELANIA coins.
