The Coin Project Conducting an Airdrop Entered the Market with 3 Billion Dollars

Blast: An Ethereum Layer 2 Project Makes a Rapid Market Entry After Airdrop

Blast, one of the Layer 2 projects in the Ethereum ecosystem, made a swift entry into the market following its airdrop. Earlier this year, Blast distributed tokens to users who had accumulated points through Ethereum staking.

Billions of Tokens Distributed

During the highly anticipated airdrop organized by Blast, a total of 17 billion BLAST tokens were distributed. According to Parsec Finance data, 35% of the distributed tokens have already been claimed by users.

Blast has a total supply of 100 billion tokens. In the first phase of the airdrop, 17% of the total supply was distributed. The amount of tokens received in the first phase was determined based on how many points Blast users had accumulated.

According to Blast’s statements, 25.5% of the total BLAST supply will be allocated to the core developers, 16.5% to investors, and 8% to the Blast Foundation. The remaining portion will be used for the community.

Rapid Market Entry

According to Ambient data, BLAST tokens entered the market at a price of $0.03 per token. This entry price gave Blast a diluted market value of $3 billion.

Last year, Blast faced criticism for launching a bridge that allowed users to deposit funds onto the platform but did not permit withdrawals. Between November and March, Blast accumulated a total of $2.3 billion in deposits.

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