Blast quickly recovered: Caught the attention of scammers!

Ethereum layer-2 network Blast’s long-awaited native token BLAST has shown a 40% increase after its release.

According to data from Ambient Finance and Aevo, BLAST entered at $0.02 per token and reached a fully diluted value (FDV) of $2 billion at the time of its market launch.

According to CoinMarketCap data, the price of BLAST has increased by just over 40% since then, reaching $0.0281 at the time of publication.

Ethereum layer-2 network zkSync (ZK) and LayerZero (ZRO) are coming in contrast to recent high-profile token launches, including a 46% and 43% drop since their respective releases.

Airdrop provided 17% of BLAST’s total supply, and 7% went to users bridging to Ether.

The extra 7% portion was given to users contributing to decentralized applications (DApps) on the network, 3% was given to the Blur Foundation for future airdrops.

Blast airdrop has become the new target of scammers

Blast’s airdrop event, like other important airdrops this year, has attracted the attention of many scammers.

Scammers typically opt for exciting airdrops, as airdrops often require crypto users to link their wallets and sign transactions to claim the allocated tokens.

Cryptocurrency security service Scam Sniffer identified a user who fell victim to the Blast airdrop scam and lost over $217,000 after signing multiple phishing signatures.

This article does not contain any investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.