Blast quickly recovered: Attracted the attention of scammers!

The long-awaited native token of the Ethereum layer-2 network Blast BLAST, increased by 40 percent following its launch.

BLAST debuted at $0.02 per token and reached a fully diluted value (FDV) of $2 billion at launch, according to data from Ambient Finance and Aevo.

According to CoinMarketCap data, BLAST’s price has since increased by just over 40 percent, reaching a value of $0.0281 at the time of publication.

It comes against the backdrop of recent high-profile token launches including Ethereum layer-2 network zkSync (ZK) and LayerZero (ZRO). Both tokens are down 46 percent and 43 percent, respectively, since their launch.

The airdrop provided 17 percent of BLAST’s total supply, with 7 percent going to users bridging to Ether.

An additional 7 percent was given to users who contributed to decentralized applications (DApps) on the network, and 3 percent was given to the Blur Foundation for future airdrops.

Blast airdrop has become the new target of fraudsters

Like other important airdrops this year, Blast’s airdrop activity attracted the attention of many fraudsters.

Scammers often choose airdrops that create excitement, as airdrops often require crypto users to link their wallets and sign processes to claim their allocated tokens.

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