Bubblemaps ($BMT ) has fallen by 0.56% to $0.0692 over the last 24 hours, which is worse than the overall cryptocurrency market (-0.62%). Main reasons:
Sales after the campaign – the Binance rewards program in BMT for $150,000 ended on July 30, which likely triggered profit-taking.
Rugproof scandal – Bubblemaps$BMT identified suspicious token distribution on the Solana platform Rugproof (July 29), which lowered trust in the sector.
Technical weakness – the price is below key moving averages (7-day SMA: $0.071), and the RSI index at 37.81 indicates a bearish sentiment.
The decline of $BMT is linked to profit-taking after the Binance campaign, a general drop in trust following the Rugproof scandal, and technical resistances. The main function of the project — fraud detection — remains relevant, but short-term prospects depend on whether the price can hold above the 7-day SMA.
