Blum's total token supply is capped at 10 billion, with approximately 99.999997 billion tokens currently in circulation. Notably, 6 billion of these tokens have been earmarked for an airdrop, valued at around $1 billion. This airdrop accounts for 6% of the total supply, with each token priced at approximately $0.1667. If this valuation holds, Blum's market capitalization could reach a substantial $16.67 billion.
At present, the initial market capitalization, based on the airdrop price, stands at around $1 billion. However, following the airdrop, Blum's token price is likely to experience volatility as supply and demand fluctuate. Factors that could influence this include the number of tokens entering the market and overall investor sentiment. In a bullish scenario, the token's value might rise to between $0.020 and $0.025, whereas a bearish outlook could see prices dip to between $0.0010 and $0.0012.
