BMT crypto soars nearly 30% a day after Binance listing

Bubblemaps’ token, BMT crypto, has gone up by nearly 30% following its debut on Binance. Just a day prior, the token reached a new all-time high.

According to data from CoinGecko, the BubbleMaps token has gone up by 28.8% only a day after it was listed on Binance. Less than 24 hours ago, the token reached new heights when it bounded up by nearly 45% to a new all-time high of $0.3173.

At press time, the token is trading hands at $0.24 with a market cap of $62 million. Meanwhile, BMT crypto’s fully diluted valuation stands at $242 million.

According to the official announcement, Binance listed BMT crypto on its platform on March 18 at 15:00 UTC and opened trading for BMT paired with major tokens including USDT (USDT), USDC (USDC), BNB (BNB), FDUSD (FDUSD), and TRY. However, the crypto exchange warned users that it will applying the seed tag, considering the token is still fairly new to the market.

Despite having just listed on the crypto exchange yesterday, Binance has already claimed the top spot on Bubblemaps’ trading markets, contributing the largest share of the token’s trading volume at 23.47%. In the past 24 hours, as much as $131 million worth of BMT crypto has been processed on Binance.

In fact, Bubblemaps trading volume skyrocketed by 442.8% to a total of $562 million in the past 24 hours. This means that the token has experienced a significant rise in market activity since its Binance listing.

Launched on March 11, BMT is the native token for Bubblemaps. Bubblemaps is an on-chain analytics platform that provides users with blockchain data visualization for token analytics and NFT owenrship. BMT serves as its governance utility token, granting holders access to advanced analytical features on the platform.

During Bubblemaps’ token generation event for BMT, it received an overwhelming number of subscriptions, around 202,990 BNB, which is13,500% more than the project’s initial target.