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Blast Token Airdrop Falls Short of Expectations
Big Brother Ma Ji Takes Action Again
The second-layer network Blast finally distributed token airdrops yesterday. However, many large holders criticized on social platforms that the funds they invested in the network did not match the token airdrop, making Blast another project condemned for its airdrop activities, following Zksync. Christian, co-founder of NDV, expressed on social platforms that he had invested assets worth $50 million in the Blast network but only received a token airdrop of $100,000 during the TGE.
Christian accused Blast of being a scam project, while founder Pacman was labeled a “rug offender.”
On the other hand, Arthur, founder of Defiance Capital, also pointed out that BLAST’s price performance after listing was not as expected. The fully diluted valuation (FDV) of many L2 projects at the time of listing was approximately 5 billion MCH, but BLAST was only slightly over 2 billion MCH.
However, not everyone has given up on supporting Blast. According to information shared by on-chain analyst Yu Yan, Big Brother Ma Ji, Huang Licheng, has been continuously buying BLAST since it went online last night. So far, he has spent 1,491 ETH to purchase 172 million BLAST at an average price of about $0.027, becoming the largest individual holder of BLAST.
It is worth mentioning that this is not the first time that Big Brother Ma Ji has acquired a large number of chips for a single project. Previously, he had also bought a large amount of FRIEND tokens, a project on the chain, and currently holds a total of 9.4 million FRIEND tokens, also becoming the largest individual holder. However, the price of FRIEND tokens is now only $0.57, while Big Brother Ma Ji’s holding cost is as high as $1.5, resulting in a floating loss of approximately $8.74 million.
