The Bubblemaps token, BMT, has seen a notable increase following its listing on one of the world's largest cryptocurrency exchanges, Binance.
Price Surge Post-Listing
According to CoinGecko, the price of Bubblemaps token rose by 28.8% just a day after being listed on Binance. Less than 24 hours before this, the token hit a new all-time high of $0.3173, rising nearly 45%.
Market Data and Trading Volumes
At press time, the token is trading at $0.24 with a market cap of $62 million. The fully diluted valuation stands at $242 million. Binance announced the listing of BMT on its platform on March 18 at 15:00 UTC, with trading starting against major tokens like USDT, USDC, BNB, FDUSD, and TRY. Despite being new, Binance has claimed the top spot on Bubblemaps' markets, accounting for 23.47% of trading volume. The volume of trades reached $131 million in the past 24 hours.
What is Bubblemaps?
Launched on March 11, BMT is the native token of Bubblemaps, an on-chain analytics platform for blockchain data visualization for token and NFT analytics. BMT serves as a governance utility token allowing holders access to advanced analytical features. During its token generation event, the project saw overwhelming subscriptions, exceeding initial targets by 13,500%.
The listing on Binance has significantly boosted the activity and value of Bubblemaps token, highlighting the demand for such analytical solutions in the industry.
