Bubblemaps's BMT Token Surges Over 125% in Anticipation of Bithumb Listing

For the second day in a row, BMT experienced a rally as it prepares for its listing on the South Korean cryptocurrency exchange, Bithumb. This comes after its recent debut on Binance Futures.

Bubblemaps (BMT) hit a record high of $0.22 during the Asian trading session on Mar. 18, representing a 125% increase within 24 hours. This surge has pushed its weekly gains beyond 200% from its low of $0.073. The altcoin's market capitalization stood at $54.1 million, while its daily trading volume surged by 260%, reaching approximately $107 million.

The altcoin's upward trend followed the announcement by Bithumb, a major cryptocurrency exchange based in South Korea, regarding the addition of a KRW trading pair for the BMT token. The trading pair will be available at 4:00 PM KST on Tuesday, March 18, 2025. Deposits and withdrawals will be enabled two hours after the announcement, but only on the Solana network.

Bubblemaps will start trading at an initial price of 211 yen. Traders are required to wait for 20 deposit confirmations before executing transactions.

Bithumb has established some temporary regulations for the launch. During the first five minutes, buyers cannot place orders, while sellers can only set prices between -10% and +100% of the base price. Automated trading will commence after the first trade is executed.

The recent gains of BMT can also be attributed to the excitement surrounding its Binance Futures listing yesterday. This event took place after the BMT token generation event on Binance Wallet on March 11. Moreover, OKXFUN also added BMT for trading with 5X leverage yesterday.

The airdrop is currently live, allowing eligible users to claim their tokens through the BMT claim portal. However, with the price increasing and trading volume picking up, it appears that many claimants are choosing to hold onto their BMT tokens instead of selling them.

At the time of writing, community sentiment on X was predominantly bullish, with many anticipating the rally to persist. Here's an example:

$BMT

Longed. pic.twitter.com/eaxUEnDyHs

What is Bubblemaps?

Bubblemaps, a well-known cryptocurrency data tool, launched its own token, BMT, on the Solana blockchain on Mar. 11. There is a total supply of 1 billion BMT, which functions as a utility token, granting users access to premium features not available in the free version.

In November last year, Bubblemaps introduced Bubblemaps V2 Beta, which offered several new features, such as access to the full historical data of a token's distribution, cross-chain visualizations, and tools to monitor profit and loss for specific wallets and clusters.

BMT also plays a role in IntelDesk, Bubblemaps' investigative platform that enables the community to explore blockchain activity. Users can submit cases they want to be investigated, vote on which ones should be prioritized, and contribute to on-chain research efforts.