L2 Blast Announces Shutdown, Leading to 40% Drop in Coin Price

L2 Blast, a Layer 2 network, has announced its shutdown due to insufficient network revenue to cover maintenance costs. This decision has prompted South Korea's leading cryptocurrency exchanges, Upbit and Bithumb, to place the BLAST token on their trading watchlists.

Following the announcement, the price of BLAST has plummeted by over 40%, currently trading at $0.0002433. The market capitalization of the token is approximately $24 million, reflecting the significant impact of the shutdown on investor confidence and market activity.

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Source: KLEA News