BLUM (Blum) has fallen 14.59% in the last 24 hours.

Gate News Bot news, July 10, according to CoinMarketCap data, as of the time of writing, BLUM (Blum) is currently priced at $0.06, falling by 14.59% in the last 24 hours, with a high of $0.08 and a low of $0.05, and a 24-hour volume of $9.5 million. Current market capitalization data is not available.

Blum is a comprehensive cryptocurrency platform that offers multi-chain trading, AI-driven trading, meme coin issuance, and other features. Its core products include a trading terminal, Memepad, trading bots, and AI agent tools. Blum is committed to providing users with a seamless cross-chain experience, supporting fast transactions and multi-currency management, aiming to be a convenient entry point for users into the crypto world.

Important news about BLUM recently:

1️⃣ Gate launches BLUM new user limited-time airdrop event Gate will launch a limited-time airdrop event for new users of BLUM from July 3 to July 17. New registered users who complete designated tasks can participate in sharing a reward pool of 450,000 BLUM. This event is expected to attract more users' attention and participation in the Blum ecosystem, potentially bringing new demand for BLUM.

2️⃣ BLUM token continues monthly burn Blum completed the destruction of 22.6 million BLUM in June, accounting for 2.26% of the total token supply. This periodic destruction mechanism aims to reduce the circulating supply, potentially supporting the price of BLUM. The next round of destruction is being prepared, demonstrating the project's commitment to continuously implementing deflationary policies.

3️⃣ BLUM Staking Feature Fully Launched The BLUM staking feature has been opened, and users can stake to earn profits through the TonRaffles platform without providing liquidity. At the same time, the Gate platform has also launched the BLUM Launchpool activity to provide users with additional staking income opportunities. These staking options potentially can lock a portion of the circulating supply and provide extra incentives for long-term holders.

From a technical perspective, BLUM has experienced a significant fall in the past 24 hours, dropping from $0.08 to $0.06, a decline of 14.59%. This trend may be related to the overall sentiment in the cryptocurrency market. On the fundamental side, the Blum project is striving to build a complete ecosystem and manage its token economic model through various means such as airdrops, token burns, and staking mechanisms. However, in the short term, these positive factors seem to have failed to offset the downward pressure in the market.

This message is not an investment advice, and investors should pay attention to market volatility risks.