BMT Crypto Surges Nearly 30% One Day After Binance Listing

BMT, the native token of Bubblemaps, has surged by nearly 30% a day after its debut on Binance. Just a day earlier, BMT reached a new all-time high, climbing nearly 45% to hit $0.3173. At the time of writing, the token is trading at $0.24, with a market cap of $62 million and a fully diluted valuation of $242 million.

The surge in price followed the official Binance listing on March 18, where the token was paired with major cryptocurrencies like USDT, USDC, BNB, FDUSD, and TRY. Binance issued a warning, applying the “seed” tag to the token as it is still considered new to the market. Despite this, Binance quickly became the top trading market for BMT, accounting for 23.47% of its trading volume. In the past 24 hours, Binance processed a massive $131 million worth of BMT transactions.

Following the listing, Bubblemaps’ trading volume exploded, rising 442.8% to $562 million. This surge in trading activity highlights the growing interest in the token and its project.

BMT was launched on March 11 and is the governance utility token for Bubblemaps, an on-chain analytics platform. Bubblemaps provides blockchain data visualization for token analytics and NFT ownership. BMT holders gain access to advanced analytical features on the platform. During the token generation event for BMT, the project saw an overwhelming response, with subscriptions totaling around 202,990 BNB, far surpassing its initial target by over 13,500%.

The strong performance of BMT after its Binance listing indicates a promising future for the token and the Bubblemaps platform, as investors show interest in its unique analytics services. The spike in trading volume and price reflects growing momentum, and the token’s role in governance and analytics could position it for further growth in the coming months.