The native token of the Ethereum layer-2 Blast has rallied following an airdrop in which 17% of the supply was sent to eligible users.
The long-awaited native token of Ethereum layer-2 network Blast (BLAST) surged 40% following its launch, faring better than other high-profile airdrops to hit the market in recent weeks.
BLAST debuted for $0.02 per token, placing it at a fully diluted value (FDV) of $2 billion at launch, according to aggregated data from Ambient Finance and perps trading platform Aevo.
The price of BLAST has since rallied a little over 40% to a value of $0.0281 at the time of publication, per CoinMarketCap data.
