According to data from Ambient Finance and Aevo, BLAST debuted at $0.02 per token and reached a fully diluted valuation (FDV) of $2 billion upon launch.
BLAST’s price has since increased by over 40%, reaching $0.0281 at the time of writing, according to CoinMarketCap data.
This comes in contrast to recent high-profile token launches, including those from Ethereum layer-2 networks zkSync (ZK) and LayerZero (ZRO). Both tokens have seen their prices fall by 46% and 43%, respectively, since their launches.
The airdrop accounted for 17% of BLAST’s total supply, with 7% going to users who bridged Ether to the network.
An additional 7% was allocated to users who contributed to decentralized applications (DApps) on the network, while 3% went to the Blur Foundation for future airdrops.
Blast airdrop becomes a target for scammers
Like other notable airdrops this year, Blast’s airdrop event has also attracted the attention of many scammers.
Scammers often target hyped-up airdrops because airdrops typically require crypto users to connect their wallets and sign transactions to claim their allocated tokens.
Cryptocurrency security service Scam Sniffer has identified a user who fell victim to a Blast airdrop scam and lost over $217,000 after signing multiple phishing signatures.
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