Cryptocurrency BMT surges nearly 30% post Binance listing

The BMT crypto token of Bubblemaps has increased by nearly 30% following its launch on Binance. It reached a new all-time high just a day before.

Information from CoinGecko shows that the BubbleMaps token has risen by 28.8% a day after being listed on Binance. Within the past 24 hours, the token hit a new record high when it surged by almost 45% to reach a new all-time peak of $0.3173.

At the time of writing, the token is being traded at $0.24, with a market capitalization of $62 million. Simultaneously, the fully diluted valuation of BMT crypto stands at $242 million.

According to the official statement, Binance listed BMT crypto on its platform on March 18 at 15:00 UTC and started trading for BMT paired with major tokens such as USDT (USDT), USDC (USDC), BNB (BNB), FDUSD (FDUSD), and TRY. However, the crypto exchange cautioned users that it will be applying the seed tag due to the token's recent introduction to the market.

Despite being listed on the crypto exchange just yesterday, Binance has already taken the top spot on Bubblemaps' trading markets, contributing the largest percentage of the token's trading volume at 23.47%. In the previous 24 hours, as much as $131 million worth of BMT crypto has been traded on Binance.

In fact, Bubblemaps' trading volume has soared by 442.8% to a total of $562 million in the past 24 hours. This suggests that the token has observed a significant increase in market activity since its Binance listing.

BMT, which was introduced on March 11, is the native token for Bubblemaps. Bubblemaps is an on-chain analytics platform that offers users blockchain data visualization for token analytics and NFT ownership. BMT serves as its governance utility token, providing holders with access to advanced analytical features on the platform.

During Bubblemaps' token generation event for BMT, it received an impressive number of subscriptions, around 202,990 BNB, which is 13,500% more than the project's initial goal.

Disclosure: This article does not constitute investment advice. The content and materials presented on this page are solely for educational purposes.