I can still recall when $BMT listed on Bitget few days, i saw it as another mere coin that would pump and dump but guess who was wrong ? ME because this token did 2900% in price increase before Binance announcement.
Honestly, i was surprise when Binance announced Bubblemaps $BMT through its Hodlers Airdrop platform which would contribute to further price increase. Even though the market is unpredictable, i’m sure some would have took the risk to ape in early when it listed few days ago. I can only imagine how great they’ll feel with this.
It would be interesting to see more projects in the green amidst the market downturn. Did anyone aped on this one ?
I saw that spike that did almost 200% on the weekly chart. I'm really impress by how Binance support some projects but I don't like the approach they use for this projects. You see project and you want to support it but then they attached a condition of airdrop to their community which me and that if the coin got listed, it will later be follow up by large sell of from the market, the airdrop participants will dump everything in their hands immediately after distribution especially if the project is based on hype and no fundamental utility.
There are other project that are struggling with liquidity but have quality utility behind their projects, they have the tech but even the exchanges that support this projects don't really care too much about the tech anymore, as long as their community are happy and they get to see something to sell, they are cool with it and they will bring another one after sometimes, it's the whale that enjoy this most of the time while the small holders get penny.