The Blum token, currently priced at $0.25, is making headlines with its latest market dynamics. With a total supply of 100 billion tokens and a circulating supply of nearly 99.999997 billion, the project has set aside 6 billion tokens for an airdrop, valued at approximately $1 billion. This allocation accounts for 6% of the total supply, with each airdropped token priced at around $0.1667.
If this value holds, Blumâs market capitalization could reach $16.67 billion. Currently, the initial market cap, based on the airdrop price, is about $1 billion. Post-airdrop, the token may see price fluctuations influenced by supply, demand, and market sentiment. A bullish trend could push the price to $0.20-$0.25, while a bearish outcome might see it drop to $0.10-$0.12.