Bluwhale Crushing After Its TGE

Bluwhale AI is a 2-sided AI marketplace on both the Sui and BNB Chain networks. They just had their TGE on October 20th. And despite difficult market conditions this month, both the $BLUAI token and the project are doing great.

Let’s look at Bluwhale by the numbers to see how fast it’s growing.

Successful Token Launch

First, we have the TGE. And looking at the numbers above, it was clearly a success. This type of wide distribution at 19,000 holders so quickly is something that typically happens only on memecoins (one of their few positive aspects) or on well planned and executed airdrops.

And while there is a lot of complexity to what the Bluwhale project is, we got some clear explanations when we had Han Jin, Bluwhale’s CEO in for a chat on X Spaces. Bluwhale is a 2-sided marketplace. So they market both to developers to build models or datasets to train AND they market to users to store and give limited access to that data to the AI model builders.

They also have 2 tokens, one for each side. There’s $BLUAI as the base token and for developers. And on the user side, we have the $BLUP points token when models use your data. Han gave us a couple of excellent examples of how this marketplace works, looking at a person’s financial health or physical health. Plus, we looked at how we can deploy agents to work for us on investment and savings plans, or health protocols for various conditions. There’s more info at this Space right here.

What The Early Numbers Tell Us

Now, back to the numbers.

First, with 19,000 holders in less than a week, that’s great distribution. This is even more than Ondo got at its token sale in 2022. And using that wide distribution and strategic partnerships like Blackrock, Ondo has grown to over $2 billion in market value and almost $7 billion in fully diluted value, per CoinGecko. Meanwhile, Bluwhale’s market cap is a little over $25 million in only a week. Now we aren’t saying distribution will get you to a $1 billion market cap. But it does help. As does being in a hot narrative like AI, and a hot ecosystem like Sui. The ingredients are there if the team executes.

We know many of you love to trade, and per CoinGecko, the deepest liquidity is currently at Kucoin, followed by Gate.io, XT, and MEXC. Yet, it’s been a trending coin on Tier 1 exchanges like OKX and Bybit since its launch. So that’s encouraging for both holders and traders alike. Big DEXes on Sui, as well as Uniswap and PancakeSwap on BSC, both offer $BLUAI if you prefer the DEX experience.

New Funding

And this big, successful token launch and active, deeply liquid trading has backing from the fundamentals of a solid AI project along with financial backing. Bluwhale just got some new Series A funding of $10 million. The huge Singapore bank UOB (United Overseas Bank) led in the round that included executives from big tech AI firms.

Price Action

Today, as I write this, $BLUAI trades at 2.0 cents. That’s slightly down from its 2.4 cent TGE launch. Circulating supply is 1.22 billion out of a total supply of 10 billion. The market cap, as I said earlier, is $25 million. Bluwhale is an excellent low-cap play on AI. If either side of their marketplace hits, the project will be successful. And if both sides hit together, $BLUAI will go parabolic. This is definitely one to put on your radar and watch for buying opportunities.

Disclaimer

The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. This post is sponsored by Bluwhale.

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