Is This Altcoin Slowly Dying? No Word From The Founder In Months

According to DeFiLlama data, the total value locked (TVL) of Ethereum Layer 2 network Blast (BLAST) has dropped to approximately $67 million.

Blast peaked at $2.2 billion in TVL in June 2024. This represents a decline of approximately 97% for the project.

Another striking point is that both the official Blast account and founder Pacman’s Twitter account have not posted anything for more than three months.

The BLAST altcoin has lost 16.79% of its value in the last week, falling to $0.002597. The token has fallen 99.5% since its $0.5223 high on June 26, 2024.

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Chart showing the decline in BLAST price over the past week.

At the time of writing, BLAST’s total market capitalization is around $114 million, up from over $400 million at launch. Currently, there are approximately 44 billion BLAST tokens in circulation, out of a maximum supply of 100 billion.

Interestingly, the token is not traded on Binance, despite being listed on Coinbase and Bybit.

*This is not investment advice.

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