The launch of Blast, a layer-2 blockchain, has officially started as announced on their X account.

Users have a 30-day window to claim their share of the BLAST tokens. The total supply of BLAST tokens stands at 100 billion, with 17% of them being reserved for users in this initial airdrop. Based on the initial price as of this writing of $0.0265, the total value of the airdrop amounts to over $450 million.

According to the BLAST tokenomics, the token distribution was divided among Blast point holders and Blast gold holders, each receiving 7% of the total supply. The remaining 3% was allocated to Blur Foundation users. It is important to note that there will be additional airdrop rounds in the future, as 50% of the token supply will be distributed to the community.

Prediction and Forecasts for $BLAST Airdrop

Prior to the airdrop, $BLAST is currently being traded at $0.282 on the Pro Whales pre-market. It reached a peak of $4.40 in late May, but its anticipated value began to decline two weeks ago, dropping from $2.50 to $0.0654 last week.

Moreover, Pro Whales forecasts BLAST’s fully diluted valuation (FDV) to be slightly above $2 billion. Conversely, other observers within the crypto industry have more bullish estimations.

Stats, the CCO at Memeland, foresees an $8.5 billion FDV owing to the token's restricted initial float and robust exchange listings. Meanwhile, Loopify, a prominent figure in the Blast community, has predicted an FDV range spanning from $6 billion to $10 billion, while acknowledging the potential for it to dip as low as $3 billion in a worst-case scenario.