Blast Token Launch Sees 40% Surge Amid Market Challenges
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The native token of Ethereum layer-2 network Blast (BLAST) has made a notable entry into the market, surging 40% following its long-awaited launch. This performance stands out against other high-profile airdrops that have struggled recently.
Initially priced at $0.02 per token, BLAST debuted with a fully diluted valuation (FDV) of $2 billion, according to data aggregated from Ambient Finance and the perps trading platform Aevo. Since its launch, BLAST has seen its price rise by over 40%, reaching $0.0281 at the time of publication, based on CoinMarketCap data.
In contrast, other recent token launches have not fared as well. Ethereum layer-2 network zkSync (ZK) and cross-chain interoperability LayerZero (ZRO) tokens have both seen significant declines.
