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Just saw that BLEND skyrocketed within 24 hours, soaring from $0.01 directly to $0.40, now oscillating around $0.10, with a 3,900% increase. Trading volume is also solid, with a daily trading volume of $5.25 million.
This surge is mainly due to the mainnet just launching, along with several major exchanges simultaneously announcing the listing of spot trading pairs. It’s said that a major exchange also announced a global debut, and other exchanges are following suit to support deposits and withdrawals. On-chain activity is also very active, indicating the ecosystem is rapidly kicking off.
However, such volatility in new tokens is indeed intense, and community discussion is quite high, with many paying attention to retrodrop opportunities. But the risks are also significant; after such a sharp short-term rally, the future trajectory depends on subsequent funding and ecosystem adoption. The fully diluted market cap is around $103 million, and it seems it will take time to verify the project's true value.