$354 million of BLAST coin was distributed via airdrop, triggering a mass sale and dropping its price from $0.025 to $0.02.
Traders were disappointed with the decline, as they expected a higher price, especially since the Blast network is very popular.
BLAST's distribution targeted users who transferred large amounts to the network, bringing the TVL to $2.3 billion, but it fell to $1.6 billion after launch.
BLAST started trading at $0.025, which means that the value of the 14 billion coins distributed to users has reached $354 million.
BLAST started trading at $0.025, which means that the value of the 14 billion coins distributed to users has reached $354 million.