Why did BME surge dramatically, and what’s next?

BME is the native token of the blockchain analysis and investigation platform Bubblemaps, with an initial price of $0.1619. Yesterday, it reached an all-time high of around $0.32.

The surge is primarily due to the following reasons:

1. The listing of BMT on several major exchanges has increased its liquidity and visibility.

2. The improvement in the utility of BMT has also driven up its price.

3. The overall positive sentiment in the market has further boosted the price of BMT.

Bubblemaps is an online platform that provides innovative visualization tools to help users analyze blockchain data, especially DeFi tokens and NFTs, aiming to allow beginners to experts to easily explore complex blockchain networks through intuitive bubble charts.

Main Features

Bubble Chart: Each bubble represents a wallet, with the size of the bubble proportional to the amount of tokens held by the wallet, and connecting lines show historical transactions between wallets.

Token and NFT Exploration: Supports multiple blockchains (such as Ethereum, BNB Chain, etc.), providing token distribution, decentralization scores, and exchange supply information.

Wallet Analysis: Click on a bubble to view wallet rankings, holding ratios, and cluster holding ratios, displaying transaction details.

Time Travel Feature: Analyze historical data to understand changes in token distribution.

Advanced Features: Holding 250 billion Moonlight Tokens unlocks more functionalities, such as requesting bubble charts for any token.

Data shows:

The current market capitalization of BMT is $58.34M, and the fully diluted market cap is $222.27M. The 24-hour trading volume on March 18 was $568,670,470 USD, indicating high activity.

Additionally, BMT's market capital is $25.8M, with an FDV of $100.05M, suggesting potential for further growth, possibly reaching 4 times (based on the gap between current market cap and FDV).

On the other hand, BMT's initial allocation concentration is high (86% held by deployers), which may raise market concerns.